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

Sovereign Metals (LON:SVML)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research note issued on Wednesday, MarketBeat reports. They presently have a GBX 55 ($0.72) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 52.42% from the company’s previous close.

Sovereign Metals Stock Up 7.7 %

Shares of SVML stock opened at GBX 36.09 ($0.47) on Wednesday. Sovereign Metals has a 52-week low of GBX 20 ($0.26) and a 52-week high of GBX 41 ($0.54). The stock’s 50-day moving average price is GBX 34.33 and its 200 day moving average price is GBX 29.36. The stock has a market capitalization of £203.16 million, a PE ratio of -2,600.00 and a beta of 1.01.

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.