Sovereign Metals Limited (LON:SVML – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 40 ($0.51) and last traded at GBX 39 ($0.50), with a volume of 64619 shares changing hands. The stock had previously closed at GBX 39.50 ($0.51).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 39 ($0.50) price objective on shares of Sovereign Metals in a research report on Wednesday, May 22nd.
Read Our Latest Stock Analysis on SVML
Sovereign Metals Price Performance
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.
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