Metals Exploration (LON:MTL) Shares Up 7% Following Insider Buying Activity

Metals Exploration plc (LON:MTLGet Free Report)’s share price traded up 7% on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 6.75 ($0.09) and last traded at GBX 6.70 ($0.09). 10,998,365 shares were traded during mid-day trading, an increase of 117% from the average session volume of 5,060,888 shares. The stock had previously closed at GBX 6.26 ($0.08).

Specifically, insider Andrew Chubb purchased 69,890 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were bought at an average price of GBX 6 ($0.08) per share, with a total value of £4,193.40 ($5,421.33).

Metals Exploration Stock Up 7.0 %

The stock has a market cap of £217.12 million, a price-to-earnings ratio of 1.26 and a beta of 0.19. The stock’s fifty day moving average is GBX 5.68 and its 200-day moving average is GBX 5.62.

Metals Exploration Company Profile

(Get Free Report)

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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