MetalNRG (LON:MNRG) Shares Down 7.3% – Time to Sell?

Shares of MetalNRG plc (LON:MNRG) fell 7.3% during trading on Friday . The stock traded as low as GBX 0.44 ($0.01) and last traded at GBX 0.45 ($0.01). 8,801,587 shares traded hands during trading, a decline of 21% from the average session volume of 11,194,717 shares. The stock had previously closed at GBX 0.48 ($0.01).

MetalNRG Stock Down 7.3 %

The firm has a market capitalization of £5.47 million, a price-to-earnings ratio of -0.38 and a beta of 0.60. The firm’s 50 day moving average is GBX 0.42 and its 200 day moving average is GBX 0.28.

About MetalNRG

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.