Savannah Resources (LON:SAV) Reaches New 1-Year High – Here’s What Happened

Savannah Resources (LON:SAV)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 7.70 and last traded at GBX 7, with a volume of 16304612 shares. The stock had previously closed at GBX 7.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 11 price objective on shares of Savannah Resources in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 11.

Savannah Resources Price Performance

The company has a current ratio of 5.60, a quick ratio of 13.42 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of £180.19 million, a PE ratio of -38.89 and a beta of 0.70. The firm has a 50 day moving average price of GBX 5.19 and a 200 day moving average price of GBX 4.56.

Savannah Resources (LON:SAV) last posted its quarterly earnings data on Thursday, April 16th. The company reported GBX (0.18) EPS for the quarter. Research analysts anticipate that Savannah Resources will post 3.3898305 earnings per share for the current year.

Savannah Resources Company Profile

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.