Sovereign Metals (LON:SVML) Reaches New 12-Month Low – Here’s What Happened

Sovereign Metals Limited (LON:SVML – Get Free Report)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as GBX 24 and last traded at GBX 24.50, with a volume of 1,569,440 shares. The stock had previously closed at GBX 25.50.

Sovereign Metals Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 8.24 and a quick ratio of 9.86. The company’s 50-day simple moving average is GBX 27.23 and its 200-day simple moving average is GBX 30.86. The stock has a market capitalization of £157.37 million, a P/E ratio of -6.07 and a beta of 1.11.

About Sovereign Metals

(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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