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

Savannah Resources (LON:SAV)’s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 5.70 and last traded at GBX 5.60, with a volume of 18426324 shares traded. The stock had previously closed at GBX 5.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 11 price objective on shares of Savannah Resources in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 11.

Savannah Resources Trading Up 1.8%

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 firm’s 50-day moving average price is GBX 5.04 and its 200 day moving average price is GBX 4.48. The company has a market cap of £144.15 million, a price-to-earnings ratio of -31.82 and a beta of 0.55.

Savannah Resources (LON:SAV) last issued its earnings results on Thursday, April 16th. The company reported GBX (0.18) EPS for the quarter. As a group, equities analysts expect that Savannah Resources will post 3.3898305 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.