Metro Mining (ASX:MMI) Shares Up 8.7%

Metro Mining Limited (ASX:MMI)’s stock price shot up 8.7% during trading on Thursday . The company traded as high as A$0.13 ($0.09) and last traded at A$0.13 ($0.09), 1,815,278 shares traded hands during mid-day trading. The stock had previously closed at A$0.12 ($0.08).

The stock has a market capitalization of $173.11 million and a P/E ratio of 7.81. The company has a debt-to-equity ratio of 51.91, a quick ratio of 0.69 and a current ratio of 0.91. The firm’s 50-day moving average is A$0.12.

About Metro Mining (ASX:MMI)

Metro Mining Limited operates as an exploration and mining company in Australia. The company explores for coal and bauxite. Its flagship project is the Bauxite Hills Mine project covering approximately 1,900 square kilometers of exploration tenements located to the north of Weipa on Western Cape York.

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