Metal Tiger (LON:MTR) Shares Pass Above 50 Day Moving Average of $15.84

Metal Tiger plc (LON:MTR – Get Rating)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 15.84 ($0.19) and traded as high as GBX 19.05 ($0.23). Metal Tiger shares last traded at GBX 18.50 ($0.23), with a volume of 117,053 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reduced their target price on Metal Tiger from GBX 220 ($2.70) to GBX 195 ($2.39) and set a “buy” rating on the stock in a research report on Friday, July 1st.

Metal Tiger Price Performance

The company has a quick ratio of 3.64, a current ratio of 3.67 and a debt-to-equity ratio of 28.27. The company has a market cap of £31.34 million and a PE ratio of 616.67. The stock has a 50-day simple moving average of GBX 15.84 and a 200 day simple moving average of GBX 18.11.

About Metal Tiger

(Get Rating)

Metal Tiger plc invests in, explores for, and develops mineral properties in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, Australasia, and the Americas. The company operates in two segments, Equity Investments and Project Investments. It explores for gold, copper, tungsten, silver, cobalt, nickel, lithium, iron ore, rare earth, platinum group element, and zinc resources, as well as mineral sands, and base and precious metals.