Sovereign Metals (LON:SVML) Shares Down 11.4% – What’s Next?

Sovereign Metals Limited (LON:SVML)’s share price dropped 11.4% during mid-day trading on Monday . The stock traded as low as GBX 42.22 ($0.55) and last traded at GBX 42.80 ($0.55). Approximately 188,830 shares traded hands during trading, an increase of 126% from the average daily volume of 83,716 shares. The stock had previously closed at GBX 48.30 ($0.62).

Sovereign Metals Trading Down 11.4 %

The business has a 50 day moving average of GBX 41.55 and a 200-day moving average of GBX 38.48. The stock has a market cap of £510.33 million, a PE ratio of -25.86 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 (LON:SVML) last issued its quarterly earnings data on Friday, March 7th. The company reported GBX (3.30) (($0.04)) earnings per share (EPS) for the quarter.

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.