Savannah Resources (LON:SAV) Price Target Raised to GBX 11

Savannah Resources (LON:SAV) had its target price raised by Canaccord Genuity Group from GBX 8 to GBX 11 in a report released on Tuesday, Marketbeat Ratings reports. They currently have a speculative buy rating on the stock.

Savannah Resources Stock Down 2.0%

SAV opened at GBX 4.80 on Tuesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 13.42 and a current ratio of 3.49. The company has a market cap of £123.56 million, a price-to-earnings ratio of -27.27 and a beta of 0.53. Savannah Resources has a one year low of GBX 3.10 and a one year high of GBX 5.70. The business’s fifty day moving average is GBX 4.91 and its two-hundred day moving average is GBX 4.31.

Savannah Resources Company Profile

Savannah Resources Plc explores for and develops mineral properties. It holds interests in Mutamba heavy mineral sands project in Mozambique; copper and gold projects in the Sultanate of Oman; and lithium projects located in Somero and Eräjärvi in Finland. Savannah Resources also has a 75% stake in the Mina do Barroso Project in northern Portugal. The company was formerly known as African Mining and Exploration plc and changed its name to Savannah Resources Plc in September 2013. Savannah Resources Plc was incorporated in 2010 and is based in London, the United Kingdom.