Sovereign Metals (LON:SVML) Stock Price Down 1.3% – What’s Next?

Sovereign Metals Limited (LON:SVML)’s stock price dropped 1.3% during trading on Wednesday . The stock traded as low as GBX 37 and last traded at GBX 38. Approximately 306,540 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 479,267 shares. The stock had previously closed at GBX 38.50.

Sovereign Metals Price 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 stock has a 50 day simple moving average of GBX 31.85 and a two-hundred day simple moving average of GBX 32.62. The company has a market cap of £247.45 million, a price-to-earnings ratio of -5.78 and a beta of 0.94.

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.