Savannah Resources (LON:SAV) Stock Keeps “Speculative Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group restated their speculative buy rating on shares of Savannah Resources (LON:SAV) in a report published on Monday,Digital Look reports. They currently have a GBX 11 target price on the stock.

Savannah Resources Price Performance

Shares of LON SAV opened at GBX 5.10 on Monday. Savannah Resources has a 1 year low of GBX 3.20 and a 1 year high of GBX 7.70. The firm has a market cap of £159.25 million, a price-to-earnings ratio of -27.13 and a beta of 0.74. The company has a debt-to-equity ratio of 1.37, a quick ratio of 13.42 and a current ratio of 4.50. The stock’s 50-day simple moving average is GBX 5.74 and its 200-day simple moving average is GBX 6.

Savannah Resources (LON:SAV) last posted its quarterly earnings results on Friday, September 18th. The company reported GBX (8) earnings per share (EPS) for the quarter. As a group, equities analysts anticipate that Savannah Resources will post 3.39 earnings per share for the current fiscal 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.