Illumina Inc. Stock Falls Monday, 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.

Illumina Inc. Stock Falls Monday, Underperforms Market

5:01 pm ET March 27, 2023 (MarketWatch) Print

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

Shares of Illumina Inc. (ILMN) sank 0.99% to $217.82 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.16% to 3,977.53 and the Dow Jones Industrial Average rising 0.60% to 32,432.08. Illumina Inc. closed $153.34 short of its 52-week high ($371.16), which the company reached on April 4th.

The stock underperformed when compared to some of its competitors Monday, as Laboratory Corp. of America Holdings (LH) rose 0.63% to $219.78, Charles River Laboratories International Inc. (CRL) rose 1.89% to $197.46, and Quest Diagnostics Inc. (DGX) fell 0.45% to $139.43. Trading volume (677,179) remained 648,354 below its 50-day average volume of 1.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 27, 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.

(END) Dow Jones Newswires

March 27, 2023 17:01 ET (21:01 GMT)