Sovereign Metals Limited (LON:SVML – Get Free Report) shares rose 3% on Wednesday . The company traded as high as GBX 37 and last traded at GBX 34.50. Approximately 1,643,272 shares traded hands during mid-day trading, an increase of 176% from the average daily volume of 594,753 shares. The stock had previously closed at GBX 33.50.
Sovereign Metals Price Performance
The stock has a market capitalization of £226.31 million, a price-to-earnings ratio of -7.31 and a beta of 1.18. The company has a quick ratio of 9.86, a current ratio of 8.17 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of GBX 36.65 and a two-hundred day simple moving average of GBX 34.82.
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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