Sovereign Metals Limited (LON:SVML – Get Free Report)’s stock price shot up 3% during trading on Wednesday . The stock traded as high as GBX 37 and last traded at GBX 34.50. 1,643,272 shares were traded during mid-day trading, an increase of 176% from the average session volume of 594,753 shares. The stock had previously closed at GBX 33.50.
Sovereign Metals Trading Up 7.0%
The company has a current ratio of 8.17, a quick ratio of 9.86 and a debt-to-equity ratio of 0.19. The company has a market cap of £242.05 million, a PE ratio of -7.82 and a beta of 1.18. The business’s 50-day simple moving average is GBX 36.52 and its 200-day simple moving average is GBX 34.86.
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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