Sovereign Metals (LON:SVML) Hits New 1-Year High – Still a Buy?

Shares of Sovereign Metals Limited (LON:SVMLGet Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 47 ($0.61) and last traded at GBX 47 ($0.61), with a volume of 29855 shares traded. The stock had previously closed at GBX 45 ($0.58).

Sovereign Metals Price Performance

The business has a 50 day moving average price of GBX 39.81 and a 200-day moving average price of GBX 37.52. The company has a market capitalization of £557.67 million, a price-to-earnings ratio of -28.26 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 9.86 and a current ratio of 7.67.

Sovereign Metals (LON:SVMLGet Free Report) last announced its quarterly earnings data on Friday, March 7th. The company reported GBX (3.30) (($0.04)) EPS for the quarter.

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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