Sovereign Metals Limited (ASX:SVM) shares traded up 12.5% on Thursday . The company traded as high as A$0.14 ($0.10) and last traded at A$0.14 ($0.10), 1,183,930 shares changed hands during mid-day trading. An increase of 184% from the average session volume of 416,973 shares. The stock had previously closed at A$0.12 ($0.09).
The firm has a market cap of $48.50 million and a P/E ratio of -6.43. The company’s fifty day moving average price is A$0.11.
About Sovereign Metals (ASX:SVM)
Sovereign Metals Limited, together with its subsidiaries, engages in the identification, exploration, development, and appraisal of mineral resource projects in Australia and Malawi. The company holds 100% interests in the Central Malawi graphite project, which consists of the Malingunde saprolite-hosted graphite project and the Duwi Flake graphite project located in Malawi.
See Also: What is Cost of Capital?
Receive News & Ratings for Sovereign Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sovereign Metals and related companies with MarketBeat.com's FREE daily email newsletter.