Sovereign Metals’ (SVML) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Sovereign Metals (LON:SVML) in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a GBX 55 ($0.72) price objective on the stock.

Sovereign Metals Stock Performance

Shares of SVML opened at GBX 33.50 ($0.44) on Wednesday. Sovereign Metals has a fifty-two week low of GBX 20 ($0.26) and a fifty-two week high of GBX 41 ($0.54). The firm has a market cap of £188.61 million, a price-to-earnings ratio of -2,600.00 and a beta of 1.01. The firm has a 50 day moving average price of GBX 34.24 and a 200-day moving average price of GBX 29.31.

About Sovereign Metals

Sovereign Metals Limited, together with its subsidiaries, engages in the exploration, development, and appraisal of mineral resource projects in Malawi. Its flagship project is the Kasiya rutile deposit in Malawi. Sovereign Metals Limited was incorporated in 2006 and is headquartered in Perth, Australia.