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The latest announcement is out from Sovereign Metals Limited ( (AU:SVM) ).
Sovereign Metals Limited has reported a change in director Benjamin Stoikovich’s interests in the company’s securities, following the conversion of certain performance rights into ordinary shares. Stoikovich’s holding of ordinary fully paid shares increased by 900,000 to 5,090,000, after the satisfaction of the Bankable Definitive Feasibility Study milestone, while the corresponding 900,000 performance rights were cancelled, leaving his remaining performance rights holdings unchanged.
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 listed resources company focused on mineral exploration and development. The company’s securities include ordinary fully paid shares and various classes of unlisted performance rights tied to project development milestones such as feasibility studies, investment decisions and construction financing.
Average Trading Volume: 1,329,582
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$462.6M
Find detailed analytics on SVM stock on TipRanks’ Stock Analysis page.