Berenberg Bank Reaffirms Buy Rating for Sovereign Metals (LON:SVML)

Berenberg Bank reaffirmed their buy rating on shares of Sovereign Metals (LON:SVML) in a research report report published on Wednesday, MarketBeat.com reports. They currently have a GBX 55 ($0.72) target price on the stock.

Sovereign Metals Stock Down 2.5 %

Shares of Sovereign Metals stock opened at GBX 35.10 ($0.46) on Wednesday. Sovereign Metals has a 52 week low of GBX 20 ($0.26) and a 52 week high of GBX 41 ($0.54). The firm’s 50 day moving average is GBX 34.40 and its two-hundred day moving average is GBX 29.44. The firm has a market capitalization of £197.61 million, a P/E ratio of -2,600.00 and a beta of 1.01.

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.