Sovereign Metals Limited (
LON:SVML -
Get Free Report) dropped 3.8% during mid-day trading on Friday . The company traded as low as GBX 37 ($0.50) and last traded at GBX 38 ($0.51). Approximately 793,814 shares were traded during mid-day trading, an increase of 268% from the average daily volume of 215,503 shares. The stock had previously closed at GBX 39.50 ($0.53).
Sovereign Metals Stock Down 3.8%
The business's 50-day moving average price is GBX 34.83 and its 200-day moving average price is GBX 34.13. The company has a quick ratio of 9.86, a current ratio of 7.67 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of £245.84 million, a PE ratio of -574.02 and a beta of 0.94.
About Sovereign Metals
(
Get Free Report)
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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