Canaccord Genuity Group Reiterates “Speculative Buy” Rating for Savannah Resources (LON:SAV)

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating restated by Canaccord Genuity Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 11 price target on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 100.00% from the company’s previous close.

Savannah Resources Stock Performance

Shares of SAV stock remained flat at GBX 5.50 on Tuesday. 5,324,356 shares of the company were exchanged, compared to its average volume of 6,651,915. The company has a quick ratio of 13.42, a current ratio of 5.60 and a debt-to-equity ratio of 1.38. The company’s fifty day moving average price is GBX 4.98 and its 200 day moving average price is GBX 4.43. The stock has a market cap of £141.58 million, a P/E ratio of -31.25 and a beta of 0.89. Savannah Resources has a 12-month low of GBX 3.10 and a 12-month high of GBX 5.70.

Savannah Resources (LON:SAV) last issued its earnings results on Thursday, April 16th. The company reported GBX (0.18) EPS for the quarter. Equities research analysts forecast that Savannah Resources will post 3.3898305 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.