Caterpillar Inc. Stock Rises Thursday, Still 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.

Caterpillar Inc. Stock Rises Thursday, Still Underperforms Market

4:43 pm ET March 16, 2023 (MarketWatch) Print

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

Shares of Caterpillar Inc. (CAT) inched 0.67% higher to $218.71 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. Caterpillar Inc. closed $47.33 below its 52-week high ($266.04), which the company achieved on January 27th.

The stock outperformed some of its competitors Thursday, as Deere & Co. (DE) rose 0.16% to $391.11. Trading volume (3.5 M) eclipsed its 50-day average volume of 3.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

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March 16, 2023 16:43 ET (20:43 GMT)