Sovereign Metals Limited (LON:SVML – Get Free Report)’s share price was down 11.4% during mid-day trading on Monday . The company traded as low as GBX 42.22 ($0.55) and last traded at GBX 42.80 ($0.55). Approximately 188,830 shares changed hands during trading, an increase of 126% from the average daily volume of 83,716 shares. The stock had previously closed at GBX 48.30 ($0.63).
Sovereign Metals Price Performance
The stock’s 50-day moving average price is GBX 41.76 and its 200 day moving average price is GBX 38.58. The company has a quick ratio of 9.86, a current ratio of 7.67 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of £488.87 million, a price-to-earnings ratio of -24.77 and a beta of 0.94.
Sovereign Metals (LON:SVML – Get Free Report) last released its quarterly earnings data on Friday, March 7th. The company reported GBX (3.30) (($0.04)) EPS for the quarter.
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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