MetalNRG (LON:MNRG) Shares Down 8.6% – Time to Sell?

MetalNRG plc (LON:MNRGGet Free Report)’s stock price dropped 8.6% on Friday . The company traded as low as GBX 26.12 ($0.33) and last traded at GBX 26.50 ($0.33). Approximately 436,549 shares changed hands during mid-day trading, an increase of 70% from the average daily volume of 256,518 shares. The stock had previously closed at GBX 29 ($0.36).

MetalNRG Trading Down 8.6 %

The stock has a market cap of £325.95 million, a PE ratio of -0.38 and a beta of 0.60. The business’s 50-day moving average price is GBX 11.77 and its 200-day moving average price is GBX 4.27.

MetalNRG Company Profile

(Get Free Report)

MetalNRG plc operates as a natural resource and energy investing company. The company explores for gold, iron ore, nickel, copper, cobalt, silver, and diamonds deposits. It holds interests in the Gold Ridge project covering an area of 932 hectares located in Arizona, the United States; the Lake Victoria Gold project located in Tanzania; and the Uranium project located in Kyrgyzstan.

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