Sovereign Metals (LON:SVML) Stock Price Up 1.3% – Still a Buy?

Sovereign Metals Limited (LON:SVML)’s share price was up 1.3% on Monday . The stock traded as high as GBX 36 ($0.47) and last traded at GBX 35.45 ($0.46). Approximately 30,212 shares were traded during trading, a decline of 60% from the average daily volume of 75,682 shares. The stock had previously closed at GBX 35 ($0.46).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 55 ($0.72) target price on shares of Sovereign Metals in a report on Wednesday, September 4th.

Sovereign Metals Price Performance

The stock has a market capitalization of £209.96 million, a price-to-earnings ratio of -1,750.00 and a beta of 0.94. The business has a fifty day moving average of GBX 33.65 and a 200 day moving average of GBX 31.46.

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.