Sovereign Metals (LON:SVML) Trading 2.5% Higher – Still a Buy?

Sovereign Metals Limited (LON:SVML)’s stock price was up 2.5% during mid-day trading on Thursday . The company traded as high as GBX 39 ($0.49) and last traded at GBX 38.95 ($0.49). Approximately 176,553 shares traded hands during mid-day trading, an increase of 133% from the average daily volume of 75,788 shares. The stock had previously closed at GBX 38 ($0.47).

Sovereign Metals Stock Up 0.2 %

The stock has a fifty day moving average price of GBX 38.48 and a 200-day moving average price of GBX 36.09. The firm has a market cap of £231.49 million, a price-to-earnings ratio of -1,929.50 and a beta of 0.94.

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.