Sovereign Metals Limited (LON:SVML – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 49 and last traded at GBX 47.50, with a volume of 861592 shares changing hands. The stock had previously closed at GBX 47.
Sovereign Metals Stock Performance
The stock has a market capitalization of £309.88 million, a price-to-earnings ratio of -7.24 and a beta of 0.94. 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 moving average of GBX 35.52 and a 200 day moving average of GBX 33.17.
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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