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

Berenberg Bank restated their buy rating on shares of Sovereign Metals (LON:SVML) in a research note released on Wednesday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 55 ($0.72) price objective on the stock.

Sovereign Metals Trading Down 2.5 %

LON SVML opened at GBX 35.10 ($0.46) on Wednesday. The company has a fifty day simple moving average of GBX 34.40 and a two-hundred day simple moving average of GBX 29.48. The stock has a market cap of £197.61 million, a P/E ratio of -2,600.00 and a beta of 1.01. Sovereign Metals has a 12-month low of GBX 20 ($0.26) and a 12-month high of GBX 41 ($0.54).

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.