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

Canaccord Genuity Group reissued their speculative buy rating on shares of Savannah Resources (LON:SAV) in a research note published on Friday,Digital Look reports. Canaccord Genuity Group currently has a GBX 12 target price on the stock.

Savannah Resources Price Performance

SAV stock opened at GBX 5.82 on Friday. The stock has a market capitalization of £149.89 million, a PE ratio of -32.33 and a beta of 0.74. 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 4.50 and a debt-to-equity ratio of 1.37. The firm has a 50 day moving average of GBX 5.94 and a 200 day moving average of GBX 5.92.

Savannah Resources (LON:SAV) last issued its quarterly earnings results on Friday, September 18th. The company reported GBX (8) earnings per share (EPS) for the quarter. Sell-side analysts forecast 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.