Sovereign Metals Limited (LON:SVML – Get Free Report)’s share price traded down 11.4% on Monday . The stock traded as low as GBX 42.22 ($0.55) and last traded at GBX 42.80 ($0.55). 188,830 shares changed hands during mid-day trading, an increase of 126% from the average session volume of 83,716 shares. The stock had previously closed at GBX 48.30 ($0.63).
Sovereign Metals Stock Performance
The company has a debt-to-equity ratio of 0.35, a current ratio of 7.67 and a quick ratio of 9.86. The company has a market cap of £488.87 million, a price-to-earnings ratio of -24.77 and a beta of 0.94. The firm has a 50 day simple moving average of GBX 41.76 and a 200-day simple moving average of GBX 38.58.
Sovereign Metals (LON:SVML – Get Free Report) last released its quarterly earnings results on Friday, March 7th. The company reported GBX (3.30) (($0.04)) earnings per share for the quarter.
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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