Sovereign Metals (LON:SVML) Shares Down 1.2% – Here’s Why

Sovereign Metals Limited (LON:SVMLGet Free Report) shares traded down 1.2% during trading on Friday . The stock traded as low as GBX 27 and last traded at GBX 28.65. 801,967 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 556,125 shares. The stock had previously closed at GBX 29.

Sovereign Metals Stock Performance

The stock has a 50-day moving average of GBX 32.66 and a 200 day moving average of GBX 35.71. The firm has a market capitalization of £187.93 million, a P/E ratio of -6.07 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 9.86 and a current ratio of 8.17.

Sovereign Metals Company Profile

(Get Free Report)

Sovereign Metals Limited, together with its subsidiaries, engages in the exploration, development, and appraisal of mineral resource projects in Malawi. Its flagship project is the Kasiya rutile deposit in Malawi. Sovereign Metals Limited was incorporated in 2006 and is headquartered in Perth, Australia.

Further Reading

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