Metals Exploration (LON:MTL) Sets New 1-Year High – What’s Next?

Metals Exploration plc (LON:MTLGet Free Report) shares hit 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 trading hands. The stock had previously closed at GBX 5.50 ($0.07).

Metals Exploration Price Performance

The firm has a 50 day moving average price of GBX 5.12 and a two-hundred day moving average price of GBX 4.79. The company has a market cap of £99.30 million, a P/E ratio of 114.80 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.

About Metals Exploration

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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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