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

Sovereign Metals (LON:SVML)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 39 ($0.50) price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 39.29% from the company’s previous close.

Sovereign Metals Price Performance

Shares of Sovereign Metals stock opened at GBX 28 ($0.36) on Wednesday. The firm has a market cap of £157.64 million, a P/E ratio of -2,600.00 and a beta of 0.97. The firm has a 50 day simple moving average of GBX 25.78 and a 200 day simple moving average of GBX 24.39. Sovereign Metals has a fifty-two week low of GBX 20 ($0.25) and a fifty-two week high of GBX 30.34 ($0.39).

Sovereign Metals Company Profile

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.