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

Berenberg Bank restated their buy rating on shares of Sovereign Metals (LON:SVML) in a research report released on Wednesday, Marketbeat.com reports. Berenberg Bank currently has a GBX 39 ($0.50) price target on the stock.

Sovereign Metals Price Performance

SVML opened at GBX 28 ($0.36) on Wednesday. Sovereign Metals has a 1-year low of GBX 20 ($0.25) and a 1-year high of GBX 30.34 ($0.39). The company has a 50 day simple moving average of GBX 25.87 and a two-hundred day simple moving average of GBX 24.42. The firm has a market cap of £157.64 million, a P/E ratio of -2,600.00 and a beta of 0.97.

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.