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

Canaccord Genuity Group reiterated their speculative buy rating on shares of Savannah Resources (LON:SAV) in a research report released on Monday morning, MarketBeat Ratings reports. They currently have a GBX 11 target price on the stock.

Savannah Resources Stock Performance

LON:SAV opened at GBX 4.70 on Monday. The firm has a market cap of £120.86 million, a PE ratio of -26.68 and a beta of 0.53. Savannah Resources has a fifty-two week low of GBX 3.10 and a fifty-two week high of GBX 5.70. The company has a debt-to-equity ratio of 1.98, a quick ratio of 13.42 and a current ratio of 3.49. The business has a 50 day moving average price of GBX 5 and a 200-day moving average price of GBX 4.34.

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.