Sovereign Metals (LON:SVML) Trading Up 0.9% - Still a Buy?

Sovereign Metals Limited (LON:SVML - Get Free Report)'s share price shot up 0.9% during trading on Wednesday . The stock traded as high as GBX 32.50 ($0.44) and last traded at GBX 32.30 ($0.43). 148,762 shares traded hands during trading, a decline of 31% from the average session volume of 216,085 shares. The stock had previously closed at GBX 32 ($0.43).

Sovereign Metals Stock Performance

The company has a market capitalization of £379.17 million, a PE ratio of -19.21 and a beta of 0.94. The firm has a 50-day moving average of GBX 33.90 and a two-hundred day moving average of GBX 38.03. The company has a quick ratio of 9.86, a current ratio of 7.67 and a debt-to-equity ratio of 0.35.

Sovereign Metals (LON:SVML - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The company reported GBX (3.30) (($0.04)) EPS for the quarter.

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.