Sovereign Metals (LON:SVML) Stock Price Down 1.2% - Should You Sell?

Key Points

• Sovereign Metals Limited shares dropped 1.2% to trade at GBX 34.10 ($0.46) during midday trading on Thursday, continuing a slight decline from its previous closing price.
• The company boasts a market capitalization of £220.61 million, with a negative P/E ratio of -636.19, indicating potential challenges in profitability.
• Sovereign Metals is focused on the exploration and development of mineral resource projects in Malawi, notably its flagship Kasiya rutile deposit.

Shares of Sovereign Metals Limited (LON:SVML - ) traded down 1.2% during mid-day trading on Thursday . The company traded as low as GBX 34 ($0.45) and last traded at GBX 34.10 ($0.46). 219,593 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 204,478 shares. The stock had previously closed at GBX 34.50 ($0.46).

Sovereign Metals Trading Down 1.2%

The firm has a market cap of £220.61 million, a P/E ratio of -636.19 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.67 and a quick ratio of 9.86. The stock has a 50 day moving average of GBX 35.14 and a 200 day moving average of GBX 35.11.

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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