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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reiterated by investment analysts at Canaccord Genuity Group in a report released on Friday, Digital Look reports. They presently have a GBX 12 price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 100.00% from the stock’s current price.

Savannah Resources Stock Performance

Shares of LON SAV remained flat at GBX 6 during trading hours on Friday. The stock had a trading volume of 1,592,644 shares, compared to its average volume of 4,790,217. The firm’s 50 day moving average is GBX 5.95 and its 200 day moving average is 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 market capitalization of £154.53 million, a PE ratio of -33.33 and a beta of 0.74. The company has a quick ratio of 13.42, a current ratio of 5.60 and a debt-to-equity ratio of 1.38.

Savannah Resources (LON:SAV) last posted its quarterly earnings data on Friday, September 18th. The company reported GBX (8) earnings per share for the quarter. Equities analysts anticipate that Savannah Resources will post 3.3898305 EPS for the current year.

About Savannah Resources

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.