Sovereign Metals Limited (LON:SVML - Get Free Report)'s share price traded up 2.5% during mid-day trading on Wednesday . The company traded as high as GBX 37 ($0.46) and last traded at GBX 36.90 ($0.46). 56,952 shares changed hands during trading, a decline of 21% from the average session volume of 72,138 shares. The stock had previously closed at GBX 36 ($0.45).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 55 ($0.68) price objective on shares of Sovereign Metals in a research note on Wednesday, September 4th.
Check Out Our Latest Stock Report on SVML
Sovereign Metals Stock Performance
The company has a 50-day moving average price of GBX 38.37 and a 200-day moving average price of GBX 35.49. The company has a market capitalization of £227.23 million, a price-to-earnings ratio of -1,894.00 and a beta of 0.94.
About Sovereign Metals
(
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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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