Shares of Metals Exploration Plc (LON:MTL) were up 5.5% on Friday . The stock traded as high as GBX 0.58 ($0.01) and last traded at GBX 0.58 ($0.01). Approximately 2,659,679 shares traded hands during trading, an increase of 1,279% from the average daily volume of 192,907 shares. The stock had previously closed at GBX 0.55 ($0.01).
The firm has a market cap of $12.32 million and a P/E ratio of -0.66. The company has a debt-to-equity ratio of 79.26, a quick ratio of 0.04 and a current ratio of 0.11.
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Metals Exploration plc identifies, acquires, explore for, and develop mining properties in the Western Pacific Rim region. The company primarily explores for precious and base metals. It owns 100% interest in the Runruno gold-molybdenum project located north of the Philippines. Metals Exploration plc was founded in 2004 and is based in London, the United Kingdom.
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