Savannah Resources (LON:SAV) Stock Rating Reaffirmed as Speculative Buy by Canaccord Genuity Group

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reissued by research analysts at Canaccord Genuity Group in a research note issued to investors on Friday, Digital Look reports. They currently have a GBX 11 price target on the stock. Canaccord Genuity Group‘s target price indicates a potential upside of 115.69% from the stock’s current price.

Savannah Resources Trading Up 6.2%

Shares of LON:SAV opened at GBX 5.10 on Friday. The company has a market capitalization of £159.25 million, a PE ratio of -27.13 and a beta of 0.74. The company has a current ratio of 4.50, a quick ratio of 13.42 and a debt-to-equity ratio of 1.37. Savannah Resources has a 12-month low of GBX 3.20 and a 12-month high of GBX 7.70. The business’s fifty day simple moving average is GBX 5.59 and its 200-day simple moving average is GBX 5.67.

Savannah Resources (LON:SAV) last announced its quarterly earnings data on Friday, September 18th. The company reported GBX (8) EPS for the quarter. As a group, equities research analysts predict that Savannah Resources will post 3.39 earnings per share for the current fiscal year.

About Savannah Resources

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.