Sovereign Metals (LON:SVML) Stock Price Down 2.2% - Here's Why

Sovereign Metals Limited (LON:SVML - Get Free Report) fell 2.2% on Tuesday . The stock traded as low as GBX 31.01 ($0.41) and last traded at GBX 31.59 ($0.42). 253,206 shares were traded during mid-day trading, an increase of 39% from the average session volume of 182,097 shares. The stock had previously closed at GBX 32.30 ($0.43).

Sovereign Metals Price Performance

The stock has a 50 day moving average of GBX 37.82 and a 200-day moving average of GBX 38.54. The company has a current ratio of 7.67, a quick ratio of 9.86 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of £364.74 million, a P/E ratio of -18.48 and a beta of 0.94.

Sovereign Metals (LON:SVML - Get Free Report) last issued its earnings results on Friday, March 7th. The company reported GBX (3.30) (($0.04)) earnings per share (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.