Sovereign Metals Limited (LON:SVML – Get Free Report)’s share price dropped 2% during trading on Thursday . The stock traded as low as GBX 23 ($0.28) and last traded at GBX 24 ($0.29). Approximately 86,069 shares were traded during trading, an increase of 150% from the average daily volume of 34,436 shares. The stock had previously closed at GBX 24.50 ($0.30).
Sovereign Metals Price Performance
The firm’s fifty day simple moving average is GBX 22.88 and its 200 day simple moving average is GBX 23.91. The company has a market capitalization of £132.31 million, a price-to-earnings ratio of -2,400.00 and a beta of 1.11.
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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