Sovereign Metals Limited (LON:SVML – Get Free Report)’s share price dropped 2.2% on Tuesday . The stock traded as low as GBX 31.01 ($0.41) and last traded at GBX 31.59 ($0.42). Approximately 253,206 shares changed hands during trading, an increase of 39% from the average daily volume of 182,097 shares. The stock had previously closed at GBX 32.30 ($0.43).
Sovereign Metals Price Performance
The business’s 50 day moving average price is GBX 38.64 and its 200-day moving average price is GBX 38.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.67 and a quick ratio of 9.86. The company has a market cap of £375.59 million, a P/E ratio of -19.03 and a beta of 0.94.
Sovereign Metals (LON:SVML – Get Free Report) last posted its quarterly earnings results on Friday, March 7th. The company reported GBX (3.30) (($0.04)) earnings per share (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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