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 published on Monday, Marketbeat.com reports. The firm currently has a GBX 11 price target on the stock.

Savannah Resources Stock Down 6.3%

SAV stock opened at GBX 4.50 on Monday. The stock has a market cap of £115.84 million, a P/E ratio of -25.57 and a beta of 0.53. The company has a current ratio of 3.49, a quick ratio of 13.42 and a debt-to-equity ratio of 1.98. Savannah Resources has a twelve month low of GBX 3.10 and a twelve month high of GBX 5.70. The company’s 50 day moving average is GBX 5.01 and its two-hundred day moving average is GBX 4.34.

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.