Savannah Resources (LON:SAV) Sets New 1-Year High – Still a Buy?

Savannah Resources (LON:SAV – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as GBX 7.70 and last traded at GBX 7, with a volume of 16304612 shares changing hands. The stock had previously closed at GBX 7.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 11 price objective on shares of Savannah Resources in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 11.

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Savannah Resources Price Performance

The company’s fifty day moving average is GBX 5.34 and its two-hundred day moving average is GBX 4.64. The firm has a market capitalization of £172.47 million, a price-to-earnings ratio of -37.22 and a beta of 0.70. The company has a quick ratio of 13.42, a current ratio of 5.60 and a debt-to-equity ratio of 1.38.

Savannah Resources (LON:SAV – Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The company reported GBX (0.18) earnings per share for the quarter. Equities research analysts anticipate that Savannah Resources will post 3.3898305 earnings per share for the current fiscal year.

Savannah Resources Company Profile

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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.

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