Savannah Resources’ (SAV) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Savannah Resources (LON:SAV) in a research report released on Wednesday,Digital Look reports. They currently have a GBX 11 price target on the stock.

Savannah Resources Price Performance

SAV stock opened at GBX 5.40 on Wednesday. The company has a market capitalization of £168.62 million, a P/E ratio of -28.72 and a beta of 0.74. Savannah Resources has a twelve month low of GBX 3.20 and a twelve month high of GBX 7.70. The business has a 50 day simple moving average of GBX 5.77 and a 200-day simple moving average of GBX 5.97. 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 (LON:SAV) last announced its earnings results on Friday, September 18th. The company reported GBX (8) EPS for the quarter. As a group, equities analysts anticipate that Savannah Resources will post 3.39 EPS for the current 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.