Sovereign Metals Limited (LON:SVML – Get Free Report) shares shot up 1.7% on Thursday . The company traded as high as GBX 33 and last traded at GBX 31.72. Approximately 41,877 shares changed hands 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 Stock Performance
The stock has a market capitalization of £208.07 million, a price-to-earnings ratio of -6.72 and a beta of 1.11. The company has a current ratio of 8.17, a quick ratio of 9.86 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of GBX 35.16 and a 200-day moving average of GBX 35.39.
Sovereign Metals Company Profile
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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