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

Canaccord Genuity Group reiterated their speculative buy rating on shares of Savannah Resources (LON:SAV) in a research note released on Friday morning,Digital Look reports. The firm currently has a GBX 11 price target on the stock.

Savannah Resources Trading Down 1.0%

Shares of LON:SAV opened at GBX 4.75 on Friday. 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 moving average is GBX 5.56 and its 200-day moving average is GBX 5.67. The company has a market cap of £148.38 million, a P/E ratio of -25.28 and a beta of 0.74. Savannah Resources has a 52-week low of GBX 3.20 and a 52-week high of GBX 7.70.

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 research analysts predict that Savannah Resources will post 3.39 earnings per share 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.