Savannah Resources (LON:SAV) Announces Earnings Results

Savannah Resources (LON:SAV) announced its quarterly earnings data on Friday. The company reported GBX (8) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Savannah Resources Stock Up 0.3%

Shares of LON SAV opened at GBX 6.02 on Friday. The firm has a 50-day moving average price of GBX 5.95 and a 200 day moving average price of GBX 5.91. Savannah Resources has a 52 week low of GBX 3.20 and a 52 week high of GBX 7.70. The company has a quick ratio of 13.42, a current ratio of 5.60 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of £155.04 million, a price-to-earnings ratio of -33.44 and a beta of 0.74.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 13 target price on shares of Savannah Resources in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 13.

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.