Metro Mining Ltd traded at 0.07 this Tuesday February 3rd, increasing 0.002 or 3.03 percent since the previous trading session. Looking back, over the last four weeks, Metro Mining gained 11.69 percent. Over the last 12 months, its price rose by 13.33 percent. Looking ahead, we forecast Metro Mining Ltd to be priced at 0.07 by the end of this quarter and at 0.06 in one year, according to Trading Economics global macro models projections and analysts expectations.
Metro Mining Limited is an Australia-based mining and exploration company. The Company is an independent bauxite producer and explorer. The Company’s principal activities include the exploration, mining and sale of bauxite, and the brownfield expansion of the Bauxite Hills Mine. The Company’s flagship project is the Bauxite Hills Mine, which is a single operating mine located 95 kilometers (km) north of Weipa in Western Cape York in Far North Queensland, with a total tenement package covering approximately 1,900 square kilometers (km2). The Bauxite Hills Mine has an estimated ore reserve of 101.5 metric tons (Mt) and total resources of 131.2 Mt. The Company produces a high alumina bauxite and ships directly to customers in large ore carriers.