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

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Savannah Resources (LON:SAV) in a research report released on Tuesday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 9 ($0.12) price target on the stock.

Savannah Resources Price Performance

Savannah Resources stock opened at GBX 4.58 ($0.06) on Tuesday. The business has a 50 day simple moving average of GBX 4.82 and a 200-day simple moving average of GBX 4.42. Savannah Resources has a 12 month low of GBX 3.20 ($0.04) and a 12 month high of GBX 5.70 ($0.08). The company has a debt-to-equity ratio of 0.17, a current ratio of 9.15 and a quick ratio of 13.42. The stock has a market capitalization of £99.28 million, a PE ratio of -41.25 and a beta of 1.25.

Savannah Resources (LON:SAV) last released its earnings results on Thursday, April 10th. The company reported GBX (0.22) ($0.00) EPS for the quarter. Equities analysts predict 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.