Savannah Resources’ (SAV) Speculative Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Savannah Resources (LON:SAV) in a report issued on Tuesday morning,Digital Look reports. The brokerage currently has a GBX 11 price target on the stock.

Savannah Resources Stock Performance

Shares of SAV stock opened at GBX 5.50 on Tuesday. The stock has a market cap of £141.58 million, a price-to-earnings ratio of -31.25 and a beta of 0.89. The stock has a 50-day moving average of GBX 4.99 and a 200-day moving average of GBX 4.44. The company has a current ratio of 5.60, a quick ratio of 13.42 and a debt-to-equity ratio of 1.38. Savannah Resources has a 1-year low of GBX 3.10 and a 1-year high of GBX 5.70.

Savannah Resources (LON:SAV) last issued its quarterly earnings results on Thursday, April 16th. The company reported GBX (0.18) earnings per share for the quarter. On average, equities research analysts forecast that Savannah Resources will post 3.3898305 earnings per share 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.