Sovereign Metals Limited (LON:SVML – Get Free Report)’s share price dropped 2.1% during mid-day trading on Tuesday . The stock traded as low as GBX 23.30 ($0.29) and last traded at GBX 23.50 ($0.29). Approximately 42,668 shares changed hands during trading, a decline of 39% from the average daily volume of 70,516 shares. The stock had previously closed at GBX 24 ($0.30).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 42 ($0.52) price target on shares of Sovereign Metals in a report on Wednesday, January 31st.
Get Our Latest Stock Report on SVML
Sovereign Metals Trading Up 0.6 %
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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