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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating restated by research analysts at Canaccord Genuity Group in a research note issued to investors on Friday, Digital Look reports. They presently have a GBX 12 price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 100.00% from the company’s current price.

Savannah Resources Price Performance

SAV remained flat at GBX 6 during trading on Friday. 1,592,644 shares of the company’s stock were exchanged, compared to its average volume of 4,790,217. The stock has a market capitalization of £154.53 million, a PE ratio of -33.33 and a beta of 0.74. The stock has a 50-day moving average of GBX 5.95 and a two-hundred day moving average of GBX 5.91. Savannah Resources has a 12 month low of GBX 3.20 and a 12 month high of GBX 7.70. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.60 and a quick ratio of 13.42.

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