Shares of Sovereign Metals Limited (LON:SVML – Get Free Report) dropped 4.2% on Friday . The stock traded as low as GBX 28 and last traded at GBX 28.02. 198,359 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 488,640 shares. The stock had previously closed at GBX 29.25.
Sovereign Metals Trading Down 4.2%
The firm has a market cap of £183.80 million, a P/E ratio of -5.94 and a beta of 1.11. The company has a 50 day moving average of GBX 27.82 and a 200 day moving average of GBX 33.60. The company has a debt-to-equity ratio of 0.19, a quick ratio of 9.86 and a current ratio of 8.17.
About Sovereign Metals
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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