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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reaffirmed by analysts at Canaccord Genuity Group in a report issued on Wednesday, October 7th, Digital Look reports. They currently have a GBX 11 price objective on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 112.36% from the company’s current price.

Savannah Resources Price Performance

Shares of LON SAV traded down GBX 0.02 during midday trading on Wednesday, reaching GBX 5.18. 2,321,878 shares of the stock traded hands, compared to its average volume of 4,783,547. The company has a debt-to-equity ratio of 1.37, a current ratio of 4.50 and a quick ratio of 13.42. The stock has a market capitalization of £161.75 million, a PE ratio of -27.55 and a beta of 0.74. Savannah Resources has a one year low of GBX 3.20 and a one year high of GBX 7.70. The company’s 50 day moving average is GBX 5.78 and its 200 day moving average is GBX 5.99.

Savannah Resources (LON:SAV) last posted its earnings results on Friday, September 18th. The company reported GBX (8) earnings per share for the quarter. On average, equities research analysts anticipate that Savannah Resources will post 3.39 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.