Sovereign Metals (LON:SVML) Reaches New 52-Week Low – Time to Sell?

Shares of Sovereign Metals Limited (LON:SVMLGet Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as GBX 24.10 and last traded at GBX 24.60, with a volume of 799585 shares. The stock had previously closed at GBX 25.60.

Sovereign Metals Stock Down 3.9%

The company has a market cap of £159.15 million, a P/E ratio of -3.72 and a beta of 0.94. The company has a current ratio of 7.67, a quick ratio of 9.86 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of GBX 30.38 and a 200 day simple moving average of GBX 33.03.

Sovereign Metals Company Profile

(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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