Shares of Metals Exploration Plc (LON:MTL) shot up 5.5% during mid-day trading on Friday . The stock traded as high as GBX 0.58 ($0.01) and last traded at GBX 0.58 ($0.01). 2,659,679 shares changed hands during trading, an increase of 1,279% from the average session volume of 192,907 shares. The stock had previously closed at GBX 0.55 ($0.01).

The company has a current ratio of 0.11, a quick ratio of 0.04 and a debt-to-equity ratio of 79.26. The stock has a market cap of $12.32 million and a PE ratio of -0.66.

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About Metals Exploration (LON:MTL)

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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