Savannah Resources (LON:SAV) Insider Emanuel Proença Buys 235,000 Shares of Stock

Savannah Resources (LON:SAV) insider Emanuel Proença purchased 235,000 shares of Savannah Resources stock in a transaction dated Friday, November 21st. The shares were bought at an average price of GBX 3 per share, with a total value of £7,050.

Savannah Resources Price Performance

SAV opened at GBX 3.60 on Wednesday. The firm has a market cap of £83.14 million, a PE ratio of -20.45 and a beta of 1.25. The stock has a 50-day moving average price of GBX 4.03 and a 200-day moving average price of GBX 3.89. Savannah Resources has a 1 year low of GBX 3.10 and a 1 year high of GBX 5.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 9.15 and a quick ratio of 13.42.

Savannah Resources (LON:SAV) last released its quarterly earnings data on Wednesday, September 24th. The company reported GBX (0.07) earnings per share for the quarter. Sell-side analysts predict that Savannah Resources will post 3.3898305 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 8 target price on shares of Savannah Resources in a report on Monday, September 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 8.

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.