Sovereign Metals (LON:SVML) Hits New 1-Year Low – Here’s What Happened

Sovereign Metals Limited (LON:SVML – Get Free Report) shares hit a new 52-week low during trading on Tuesday. The stock traded as low as GBX 21.50 and last traded at GBX 22.10, with a volume of 687,863 shares. The stock had previously closed at GBX 23.

Sovereign Metals Price Performance

The business has a fifty day simple moving average of GBX 26.72 and a two-hundred day simple moving average of GBX 32.84. The company has a current ratio of 8.24, a quick ratio of 9.86 and a debt-to-equity ratio of 0.15. The stock has a market cap of £144.95 million, a PE ratio of -5.59 and a beta of 1.11.

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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