Metro Mining (ASX:MMI) said Virtue Investments, a subsidiary of Singapore's Ascend Capital, bought a 9.9% shareholding in the company, according to a Thursday filing with the Australian bourse.

This follows the exit of long-term shareholder, Greenstone Resource, from Metro Mining's register, the filing said.

The mining company's shares were up nearly 2% in recent Thursday trade.

Price (AUD): $0.06, Change: $+0.001, Percent Change: +1.67%