Sovereign Metals Limited (LON:SVML – Get Free Report) shot up 2.4% during mid-day trading on Monday. The company traded as high as GBX 28 and last traded at GBX 27.13. 1,373,893 shares were traded during mid-day trading, an increase of 178% from the average daily volume of 494,863 shares. The stock had previously closed at GBX 26.50.
Sovereign Metals Trading Down 1.4%
The business’s 50-day simple moving average is GBX 27.39 and its 200-day simple moving average is GBX 31.30. The company has a market cap of £176.16 million, a PE ratio of -6.80 and a beta of 1.11. The company has a current ratio of 8.24, a quick ratio of 9.86 and a debt-to-equity ratio of 0.15.
About Sovereign Metals
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.
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