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

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

Sovereign Metals Stock Down 1.1 %

The company’s 50 day moving average price is GBX 39.47 and its two-hundred day moving average price is GBX 37.31. The firm has a market cap of £512.71 million, a PE ratio of -25.98 and a beta of 0.94. The company has a current ratio of 7.67, a quick ratio of 9.86 and a debt-to-equity ratio of 0.35.

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.

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