Sovereign Metals Limited (LON:SVML - Get Free Report) rose 9.1% during mid-day trading on Wednesday . The stock traded as high as GBX 39 ($0.51) and last traded at GBX 38.20 ($0.50). Approximately 8,160 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 74,289 shares. The stock had previously closed at GBX 35 ($0.45).
Analyst Ratings Changes
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 55 ($0.71) price target on shares of Sovereign Metals in a research report on Wednesday, September 4th.
View Our Latest Analysis on SVML
Sovereign Metals Stock Performance
The company has a market cap of £222.35 million, a PE ratio of -1,910.00 and a beta of 0.94. The company's 50 day moving average price is GBX 34.12 and its 200-day moving average price is GBX 32.22.
About Sovereign Metals
(
Get Free Report)
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.
Featured Articles
Before you consider Sovereign Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sovereign Metals wasn't on the list.
While Sovereign Metals currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
