Sovereign Metals (LON:SVML) Stock Price Down 5.3% – What’s Next?

Shares of Sovereign Metals Limited (LON:SVML) traded down 5.3% during trading on Monday . The company traded as low as GBX 36 and last traded at GBX 36. 552,512 shares changed hands during trading, a decline of 4% from the average session volume of 574,505 shares. The stock had previously closed at GBX 38.

Sovereign Metals Trading Down 5.3%

The company has a market cap of £232.90 million, a P/E ratio of -7.63 and a beta of 1.18. The stock’s 50 day moving average is GBX 40.22 and its 200-day moving average is GBX 34.30. The company has a current ratio of 8.17, a quick ratio of 9.86 and a debt-to-equity ratio of 0.19.

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.