Savannah Resources (LON:SAV) Stock Keeps Speculative Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Savannah Resources (LON:SAV) in a report published on Wednesday,Digital Look reports. The firm currently has a GBX 11 price objective on the stock.

Savannah Resources Stock Performance

Shares of LON:SAV opened at GBX 5.35 on Wednesday. Savannah Resources has a 12-month low of GBX 3.20 and a 12-month high of GBX 7.70. The company’s 50 day moving average price is GBX 5.78 and its two-hundred day moving average price is GBX 5.97. The firm has a market cap of £167.05 million, a PE ratio of -28.46 and a beta of 0.74. The company has a quick ratio of 13.42, a current ratio of 4.50 and a debt-to-equity ratio of 1.37.

Savannah Resources (LON:SAV) last released its quarterly earnings results on Friday, September 18th. The company reported GBX (8) earnings per share for the quarter. Equities research analysts predict 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.