Metals Exploration (LON:MTL) Stock Passes Above 200 Day Moving Average – Time to Sell?

Metals Exploration plc (LON:MTL)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5 ($0.06) and traded as high as GBX 5.40 ($0.07). Metals Exploration shares last traded at GBX 5.35 ($0.07), with a volume of 3,126,310 shares.

Metals Exploration Stock Performance

The company’s 50-day moving average price is GBX 5.65 and its two-hundred day moving average price is GBX 5. The stock has a market cap of £92.56 million, a PE ratio of 107.00 and a beta of 0.19. The company has a debt-to-equity ratio of 17.84, a quick ratio of 0.22 and a current ratio of 2.67.

Insider Transactions at Metals Exploration

In other news, insider Andrew Chubb sold 2,500,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of GBX 7 ($0.09), for a total value of £175,000 ($220,875.93). Company insiders own 65.03% of the company’s stock.

About Metals Exploration

Metals Exploration plc identifies, acquires, explores for, and develops mining and processing properties in the Philippines. The company primarily explores for precious and base metals. It owns 100% interest in the Runruno gold project located north of Manila. The company was incorporated in 2004 and is based in London, the United Kingdom.