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Sovereign Metals (LON:SVML) Trading Down 3.8% - What's Next?

Sovereign Metals logo with Basic Materials background

Key Points

  • Sovereign Metals Limited shares fell 3.8% to GBX 38 ($0.51) during mid-day trading on Friday, with an increase in trading volume of 268% compared to its daily average.
  • The company's 50-day moving average price stands at GBX 34.83, indicating recent upward momentum in stock performance.
  • Sovereign Metals focuses on the exploration and development of mineral resource projects in Malawi, with its flagship project being the Kasiya rutile deposit.
  • Interested in Sovereign Metals? Here are five stocks we like better.

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.

Further Reading

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