MetalNRG (LON:MNRG) Trading 10.5% Higher – Here’s Why

Shares of MetalNRG plc (LON:MNRGGet Free Report) were up 10.5% on Wednesday . The stock traded as high as GBX 0.55 ($0.01) and last traded at GBX 0.53 ($0.01). Approximately 48,694,461 shares were traded during trading, an increase of 344% from the average daily volume of 10,971,513 shares. The stock had previously closed at GBX 0.48 ($0.01).

MetalNRG Stock Down 11.1 %

The stock has a fifty day moving average of GBX 0.40 and a 200-day moving average of GBX 0.26. The firm has a market capitalization of £6.01 million, a P/E ratio of -0.38 and a beta of 0.60.

About MetalNRG

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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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