Metals X (ASX:MLX) Stock Price Down 22.2%

Metals X Limited (ASX:MLX) shares were down 22.2% on Monday . The company traded as low as A$0.14 ($0.10) and last traded at A$0.14 ($0.10), approximately 12,304,371 shares changed hands during mid-day trading. An increase of 324% from the average daily volume of 2,900,000 shares. The stock had previously closed at A$0.18 ($0.13).

The company has a debt-to-equity ratio of 9.21, a current ratio of 1.99 and a quick ratio of 0.73. The business’s fifty day simple moving average is A$0.18 and its two-hundred day simple moving average is A$0.22. The company has a market cap of $127.02 million and a PE ratio of -0.81.

In other Metals X news, insider Peter Newton 2,678,370 shares of Metals X stock in a transaction on Friday, September 27th.

About Metals X (ASX:MLX)

Metals X Limited engages in the operation of tin and copper mines in Australia. The company is also involved in the exploration and development of base metals projects. It operates through Renison Tin Operations, Nifty Copper Operations, Maroochydore Copper Project, and Wingellina Nickel Project segments.

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