Sovereign Metals (LON:SVML) Trading 2.3% Higher - Here's Why

Sovereign Metals Limited (LON:SVML - Get Free Report) shares rose 2.3% on Monday . The company traded as high as GBX 33.75 ($0.45) and last traded at GBX 33.75 ($0.45). Approximately 1,024,770 shares were traded during mid-day trading, an increase of 473% from the average daily volume of 178,939 shares. The stock had previously closed at GBX 33 ($0.44).

Sovereign Metals Stock Performance

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 stock has a market cap of £429.25 million, a P/E ratio of -21.75 and a beta of 0.94. The firm has a 50 day moving average of GBX 40.63 and a two-hundred day moving average of GBX 38.83.

Sovereign Metals (LON:SVML - Get Free Report) last announced its earnings results 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.