Sovereign Metals (LON:SVML) Hits New 52-Week Low – What’s Next?

Sovereign Metals Limited (LON:SVML – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as GBX 23.50 and last traded at GBX 24.25, with a volume of 470,181 shares trading hands. The stock had previously closed at GBX 24.25.

Sovereign Metals Stock Performance

The company has a quick ratio of 9.86, a current ratio of 8.24 and a debt-to-equity ratio of 0.15. The company has a market capitalization of £146.77 million, a PE ratio of -5.66 and a beta of 1.11. The company has a 50-day moving average price of GBX 26.81 and a two-hundred day moving average price of GBX 30.35.

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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