Savannah Resources (LON:SAV) Releases Earnings Results

Savannah Resources (LON:SAV) issued its earnings results on Friday. The company reported GBX (8) EPS for the quarter, Digital Look Earnings reports.

Savannah Resources Trading Down 3.0%

SAV opened at GBX 5.82 on Friday. Savannah Resources has a fifty-two week low of GBX 3.20 and a fifty-two week high of GBX 7.70. The firm has a market capitalization of £149.89 million, a PE ratio of -32.33 and a beta of 0.74. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.60 and a quick ratio of 13.42. The company’s 50-day moving average is GBX 5.94 and its 200 day moving average is GBX 5.91.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 12 target price on shares of Savannah Resources in a research report on Friday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 12.50.

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.