MSCI Inc. Stock Falls Tuesday, Underperforms Market

Sovereign Metals Ltd

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Based in Australia

Company profile

Sovereign Metals Limited is an Australia-based company focused on the development of its Kasiya rutile project (Kasiya) in Malawi. Kasiya, located in central Malawi, is the natural rutile deposit and the flake graphite deposits in the world. The Company focuses on its flagship Kasiya Project while retaining exposure to graphite through the Kasiya co-product. It focuses on developing a sustainable operation to supply natural rutile and graphite to global markets. Kasiya’s Mineral Resource Estimate (MRE) is 1.8Bt at 1.01% rutile resulting in over18 Mt tons of contained natural rutile. The MRE has broad zones of very high-grade rutile, which occur contiguously across a very large area of over 180 square kilometers. Kasiya’s graphite by-product Mineral Resource Estimate (MRE) is 1.8 Bt at 1.32% graphite, containing over 23 Mt of graphite. Malawi & Infrastructure is a rutile province located in Malawi.

MSCI Inc. Stock Falls Tuesday, Underperforms Market

5:14 pm ET February 28, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of MSCI Inc. (MSCI) slid 0.69% to $522.15 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.30% to 3,970.15 and Dow Jones Industrial Average falling 0.71% to 32,656.70. MSCI Inc. closed $50.35 short of its 52-week high ($572.50), which the company achieved on February 2nd.

The stock underperformed when compared to some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) rose 0.84% to $143.35, Charles Schwab Corp. (SCHW) rose 0.05% to $77.92, and BlackRock Inc. (BLK) rose 0.93% to $689.43. Trading volume (335,756) remained 107,413 below its 50-day average volume of 443,169.

Data source: Dow Jones Market Data, FactSet. Data compiled February 28, 2023.

(END) Dow Jones Newswires

February 28, 2023 17:14 ET (22:14 GMT)