Sovereign Metals (LON:SVML) Shares Down 1.1% - Should You Sell?

Shares of Sovereign Metals Limited (LON:SVML - Get Free Report) were down 1.1% during mid-day trading on Thursday . The company traded as low as GBX 32.16 ($0.43) and last traded at GBX 32.65 ($0.44). Approximately 113,099 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 203,808 shares. The stock had previously closed at GBX 33 ($0.44).

Sovereign Metals Price Performance

The firm has a market capitalization of £389.30 million, a P/E ratio of -19.73 and a beta of 0.94. The business has a fifty day moving average of GBX 33.06 and a 200-day moving average of GBX 37.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 9.86 and a current ratio of 7.67.

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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