C.H. Robinson Worldwide Inc. Stock Rises Thursday, Outperforms 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.

C.H. Robinson Worldwide Inc. Stock Rises Thursday, Outperforms Market

4:44 pm ET March 2, 2023 (MarketWatch) Print

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

Shares of C.H. Robinson Worldwide Inc. (CHRW) rose 2.56% to $101.30 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.76% to 3,981.35 and the Dow Jones Industrial Average rising 1.05% to 33,003.57. The stock's rise snapped a two-day losing streak. C.H. Robinson Worldwide Inc. closed $19.93 short of its 52-week high ($121.23), which the company reached on August 25th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Old Dominion Freight Line Inc. (ODFL) rose 4.77% to $354.77, Expeditors International of Washington Inc. (EXPD) rose 4.34% to $109.95, and J.B. Hunt Transport Services Inc. (JBHT) rose 2.03% to $185.85. Trading volume (924,153) remained 674,693 below its 50-day average volume of 1.6 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 2, 2023.

(END) Dow Jones Newswires

March 02, 2023 16:44 ET (21:44 GMT)