Metals Exploration (LON:MTL) Sets New 52-Week High – Time to Buy?

Metals Exploration plc (LON:MTLGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 6 ($0.08) and last traded at GBX 5.74 ($0.07), with a volume of 4236355 shares. The stock had previously closed at GBX 5.50 ($0.07).

Metals Exploration Stock Performance

The company has a debt-to-equity ratio of 17.84, a current ratio of 2.67 and a quick ratio of 0.22. The company’s fifty day moving average price is GBX 5.12 and its 200 day moving average price is GBX 4.79. The company has a market cap of £99.30 million, a PE ratio of 114.80 and a beta of 0.19.

About Metals Exploration

(Get Free Report)

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.

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