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Sovereign Metals Limited ( (AU:SVM) ) has issued an update.
Sovereign Metals Limited announced a change in substantial holding as Sprott Inc. reduced its shareholding from 6.695% to 5.639% of the company’s issued share capital. This reduction in shareholding, occurring through market trades over several months, may impact the company’s market perception and stakeholder interests.
The most recent analyst rating on (AU:SVM) stock is a Buy with a A$1.49 price target. To see the full list of analyst forecasts on Sovereign Metals Limited stock, see the AU:SVM Stock Forecast page.
More about Sovereign Metals Limited
Sovereign Metals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange, AIM, and OTCQX markets, indicating a broad market focus.
Average Trading Volume: 1,041,325
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$485.2M
Find detailed analytics on SVM stock on TipRanks’ Stock Analysis page.