Metals Exploration (LON:MTL) Trading 11.4% Higher – Should You Buy?

Metals Exploration plc (LON:MTL – Get Free Report) shares were up 11.4% on Wednesday . The stock traded as high as GBX 13.70 and last traded at GBX 13.70. Approximately 9,528,245 shares changed hands during trading, an increase of 12% from the average daily volume of 8,504,833 shares. The stock had previously closed at GBX 12.30.

The firm has a market cap of £407.48 million, a price-to-earnings ratio of -13.98 and a beta of 1.08. The stock’s 50 day moving average is GBX 14.86 and its 200 day moving average is GBX 13.97.

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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