Sovereign Metals (LON:SVML) Hits New 12-Month Low – Here’s Why

Shares of Sovereign Metals Limited (LON:SVML – Get Free Report) hit a new 52-week low on Monday. The stock traded as low as GBX 21.50 and last traded at GBX 22, with a volume of 415,566 shares changing hands. The stock had previously closed at GBX 21.75.

Sovereign Metals Price Performance

The company has a market capitalization of £144.31 million, a price-to-earnings ratio of -5.57 and a beta of 1.11. The stock has a fifty day simple moving average of GBX 26.16 and a 200-day simple moving average of GBX 32.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.24 and a quick ratio of 9.86.

About Sovereign Metals

(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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