Sovereign Metals Limited (LON:SVML – Get Free Report)’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.
Get Our Latest Analysis on Sovereign Metals
Sovereign Metals Price Performance
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.
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