Shares of Sovereign Metals Limited (LON:SVML – Get Free Report) traded up 34.4% during trading on Wednesday . The stock traded as high as GBX 44 and last traded at GBX 41. 585,333 shares were traded during trading, an increase of 129% from the average session volume of 255,396 shares. The stock had previously closed at GBX 30.50.
Sovereign Metals Stock Up 31.1%
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 £258.78 million, a price-to-earnings ratio of -6.04 and a beta of 0.94. The stock has a 50 day moving average of GBX 28.11 and a 200 day moving average of GBX 32.28.
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.
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