Metals Exploration plc (LON:MTL – Get Free Report)’s share price rose 7% during mid-day trading on Tuesday following insider buying activity. The stock traded as high as GBX 6.75 ($0.09) and last traded at GBX 6.70 ($0.09). Approximately 10,998,365 shares were traded during mid-day trading, an increase of 117% from the average daily volume of 5,060,888 shares. The stock had previously closed at GBX 6.26 ($0.08).
Specifically, insider Andrew Chubb bought 69,890 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of GBX 6 ($0.08) per share, with a total value of £4,193.40 ($5,445.27).
Metals Exploration Stock Performance
The firm has a market capitalization of £210.99 million, a PE ratio of 1.22 and a beta of 0.19. The firm’s 50 day moving average price is GBX 5.69 and its 200-day moving average price is GBX 5.63.
About Metals Exploration
Metals Exploration Plc is a gold producer in the Philippines. It is the 100% owner of the Runruno Gold Project located in the Northern Philippines.
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