Sovereign Metals Limited (LON:SVML – Get Free Report) shares fell 2.1% on Thursday . The company traded as low as GBX 22.27 ($0.28) and last traded at GBX 23 ($0.29). 78,481 shares traded hands during trading, a decline of 11% from the average session volume of 88,532 shares. The stock had previously closed at GBX 23.50 ($0.30).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 42 ($0.53) price target on shares of Sovereign Metals in a research note on Wednesday, January 31st.
View Our Latest Stock Report on Sovereign Metals
Sovereign Metals Trading Down 2.1 %
The firm has a market cap of £129.49 million, a PE ratio of -2,300.00 and a beta of 0.94. The stock has a 50 day simple moving average of GBX 23.74 and a 200-day simple moving average of GBX 23.42.
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.
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