Sovereign Metals (LON:SVML) Reaches New 12-Month High – Should You Buy?

Sovereign Metals Limited (LON:SVMLGet Free Report) shares hit a new 52-week high during mid-day trading 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 firm has a market cap of £510.33 million, a price-to-earnings ratio of -25.86 and a beta of 0.94. The company has a quick ratio of 9.86, a current ratio of 7.67 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is GBX 40.12 and its 200-day moving average price is GBX 37.69.

Sovereign Metals (LON:SVMLGet Free Report) last issued its quarterly earnings results on Friday, March 7th. The company reported GBX (3.30) (($0.04)) earnings per share (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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