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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reissued by analysts at Canaccord Genuity Group in a report issued on Friday, September 18th, Digital Look reports. They presently have a GBX 12 price objective on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 126.42% from the company’s previous close.

Savannah Resources Stock Performance

SAV traded down GBX 0.52 during trading hours on Friday, hitting GBX 5.30. The stock had a trading volume of 16,568,887 shares, compared to its average volume of 4,830,424. The company’s fifty day simple moving average is GBX 5.90 and its 200 day simple moving average is GBX 5.94. Savannah Resources has a 1 year low of GBX 3.20 and a 1 year high of GBX 7.70. The stock has a market cap of £136.50 million, a PE ratio of -29.44 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 announced its quarterly earnings data on Friday, September 18th. The company reported GBX (8) earnings per share (EPS) for the quarter. Equities 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.