Savannah Resources (LON:SAV) Receives “Speculative Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their speculative buy rating on shares of Savannah Resources (LON:SAV) in a report issued on Tuesday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 9 ($0.12) target price on the stock.

Savannah Resources Stock Up 2.2 %

Shares of LON:SAV opened at GBX 4.70 ($0.06) on Tuesday. The company has a quick ratio of 13.42, a current ratio of 9.15 and a debt-to-equity ratio of 0.17. The company has a market cap of £101.88 million, a price-to-earnings ratio of -42.33 and a beta of 1.25. Savannah Resources has a fifty-two week low of GBX 3.20 ($0.04) and a fifty-two week high of GBX 5.70 ($0.08). The firm’s 50-day simple moving average is GBX 4.81 and its 200-day simple moving average is GBX 4.42.

Savannah Resources (LON:SAV) last posted its quarterly earnings data on Thursday, April 10th. The company reported GBX (0.22) ($0.00) EPS for the quarter. As a group, equities research 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.