Savannah Resources (LON:SAV – Get Free Report) shares traded up 9.6% on Wednesday following insider buying activity. The stock traded as high as GBX 3.80 and last traded at GBX 3.78. 1,441,877 shares were traded during mid-day trading, a decline of 50% from the average session volume of 2,868,768 shares. The stock had previously closed at GBX 3.45.
Specifically, insider Emanuel Proença purchased 235,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average price of GBX 3 per share, for a total transaction of £7,050.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 8 price target on shares of Savannah Resources in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Savannah Resources currently has an average rating of “Buy” and an average target price of GBX 8.
Savannah Resources Price Performance
The company has a current ratio of 9.15, a quick ratio of 13.42 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average is GBX 4.03 and its two-hundred day moving average is GBX 3.89. The stock has a market cap of £87.29 million, a price-to-earnings ratio of -21.48 and a beta of 1.25.
Savannah Resources (LON:SAV – Get Free Report) last issued its quarterly earnings results on Wednesday, September 24th. The company reported GBX (0.07) EPS for the quarter. As a group, research analysts predict that Savannah Resources will post 3.3898305 earnings per share 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.
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