Sovereign Metals (LON:SVML) Reaches New 52-Week High – Should You Buy?

Sovereign Metals Limited (LON:SVMLGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 46 ($0.59) and last traded at GBX 45.01 ($0.58), with a volume of 225816 shares trading hands. The stock had previously closed at GBX 44.70 ($0.58).

Sovereign Metals Stock Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 9.86 and a current ratio of 7.67. The company has a market capitalization of £512.71 million, a P/E ratio of -25.98 and a beta of 0.94. The business’s fifty day simple moving average is GBX 39.47 and its 200-day simple moving average is GBX 37.31.

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.

Further Reading

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