Berenberg Bank Reaffirms “Buy” Rating for Sovereign Metals (LON:SVML)

Berenberg Bank reissued their buy rating on shares of Sovereign Metals (LON:SVML) in a report published on Wednesday, MarketBeat Ratings reports. The brokerage currently has a GBX 55 ($0.72) price objective on the stock.

Sovereign Metals Stock Performance

SVML opened at GBX 33.50 ($0.44) on Wednesday. The stock has a market capitalization of £188.61 million, a PE ratio of -2,600.00 and a beta of 1.01. The stock’s 50 day moving average price is GBX 34.24 and its 200-day moving average price is GBX 29.31. Sovereign Metals has a 52-week low of GBX 20 ($0.26) and a 52-week 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.