Shares of Sovereign Metals Limited (LON:SVML - Get Free Report) shot up 1.1% during mid-day trading on Tuesday . The company traded as high as GBX 37 ($0.50) and last traded at GBX 36.39 ($0.49). 96,924 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 201,400 shares. The stock had previously closed at GBX 36 ($0.49).
Sovereign Metals Price Performance
The business's 50 day moving average price is GBX 34.92 and its 200-day moving average price is GBX 36.60. 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 company has a market cap of £437.00 million, a PE ratio of -22.15 and a beta of 0.94.
About Sovereign Metals
(
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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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