Metal Tiger (LON:MTR) Share Price Passes Above 50 Day Moving Average of $9.06

Metal Tiger Limited (LON:MTR) is a London-based mining and exploration company that operates in various countries including Australia, Indonesia, and Thailand. The company's primary focus is on the development of gold and copper projects.

On August 17th, 2021, Metal Tiger announced that its share price had passed above the 50-day moving average of $9.06. This news was seen as a positive sign by investors, indicating that the stock's momentum may be shifting in a bullish direction.

The company's recent performance has been driven by several factors, including its successful exploration and development activities in Australia and Indonesia. In particular, Metal Tiger's flagship project, the Amanpuri Gold Project in Thailand, has shown promising results, with the company reporting strong mineralization rates and high-grade gold intersections.

Additionally, Metal Tiger has been actively pursuing new opportunities through its joint venture partnerships with other mining companies. For example, the company recently announced a joint venture agreement with ASX-listed company Battery Metals to explore for copper in Indonesia.

Overall, Metal Tiger's share price passing above the 50-day moving average of $9.06 is seen as a positive development by investors, indicating that the stock may be gaining momentum and potentially setting the stage for further growth in the future.