Sovereign Metals (LON:SVML) Releases Earnings Results

Sovereign Metals (LON:SVML) announced its quarterly earnings results on Friday. The company reported GBX (3.30) (($0.04)) EPS for the quarter, Digital Look Earnings reports.

Sovereign Metals Stock Performance

Shares of SVML traded up GBX 1 ($0.01) during midday trading on Friday, reaching GBX 45 ($0.58). 50,309 shares of the stock were exchanged, compared to its average volume of 83,869. Sovereign Metals has a twelve month low of GBX 23 ($0.30) and a twelve month high of GBX 46 ($0.59). The company has a debt-to-equity ratio of 0.35, a current ratio of 7.67 and a quick ratio of 9.86. The company has a market capitalization of £536.56 million, a price-to-earnings ratio of -27.19 and a beta of 0.94. The business’s 50-day moving average price is GBX 39.63 and its 200 day moving average price is GBX 37.36.

Sovereign Metals Company Profile

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.