Sovereign Metals (LON:SVML) Trading Up 2.5% – Should You Buy?

Sovereign Metals Limited (LON:SVML)’s stock price was up 2.5% during trading on Wednesday . The stock traded as high as GBX 37 ($0.46) and last traded at GBX 36.90 ($0.46). Approximately 56,952 shares changed hands during trading, a decline of 21% from the average daily volume of 72,138 shares. The stock had previously closed at GBX 36 ($0.45).

Sovereign Metals Stock Performance

The stock’s fifty day simple moving average is GBX 38.37 and its two-hundred day simple moving average is GBX 35.49. The stock has a market capitalization of £227.95 million, a P/E ratio of -1,900.00 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.