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Sovereign Metals (LON:SVML) Reaches New 12-Month High - Here's Why

Sovereign Metals logo with Basic Materials background
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Sovereign Metals Limited (LON:SVML - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 47 ($0.61) and last traded at GBX 47 ($0.61), with a volume of 62793 shares trading hands. The stock had previously closed at GBX 45.50 ($0.59).

Sovereign Metals Price Performance

The company has a market capitalization of £575.91 million, a price-to-earnings ratio of -29.18 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. The company has a fifty day simple moving average of GBX 41.55 and a two-hundred day simple moving average of GBX 38.40.

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

Sovereign Metals Company Profile

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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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