Sovereign Metals Limited (LON:SVML – Get Free Report) shares traded up 1.7% on Thursday . The stock traded as high as GBX 33 and last traded at GBX 31.72. 41,877 shares were traded during trading, a decline of 93% from the average session volume of 580,980 shares. The stock had previously closed at GBX 31.20.
Sovereign Metals Price Performance
The business’s 50-day simple moving average is GBX 35.03 and its 200-day simple moving average is GBX 35.36. The stock has a market cap of £206.63 million, a PE ratio of -6.67 and a beta of 1.11. The company has a quick ratio of 9.86, a current ratio of 8.17 and a debt-to-equity ratio of 0.19.
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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