Sovereign Metals (ASX:SVM) Trading Down 3.7%

Sovereign Metals Limited (ASX:SVM) shares traded down 3.7% during trading on Wednesday . The company traded as low as A$0.13 ($0.09) and last traded at A$0.13 ($0.09), 2,450,764 shares were traded during trading. An increase of 488% from the average session volume of 416,973 shares. The stock had previously closed at A$0.14 ($0.10).

The stock has a market cap of $46.71 million and a P/E ratio of -6.19. The firm’s fifty day moving average price is A$0.12 and its two-hundred day moving average price is A$0.11.

Sovereign Metals Company Profile (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.

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