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Savannah Resources (LON:SAV) Earns Speculative Buy Rating from Canaccord Genuity Group

Savannah Resources logo with Basic Materials background

Key Points

  • Savannah Resources has been given a "speculative buy" rating by Canaccord Genuity Group, with a price target of GBX 8, indicating a potential upside of 73.54%.
  • The company's shares opened at GBX 4.61 and have experienced a 5.3% increase recently.
  • Savannah Resources focuses on exploring and developing mineral properties, holding interests in projects across Mozambique, Oman, Finland, and Portugal.
  • Five stocks to consider instead of Savannah Resources.

Savannah Resources (LON:SAV - Get Free Report)'s stock had its "speculative buy" rating restated by research analysts at Canaccord Genuity Group in a report released on Monday,Digital Look reports. They currently have a GBX 8 price target on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 73.54% from the stock's previous close.

Savannah Resources Trading Up 5.3%

Shares of SAV stock opened at GBX 4.61 on Monday. The stock has a market cap of £106.46 million, a price-to-earnings ratio of -2,195.24 and a beta of 1.25. The stock has a 50-day moving average of GBX 3.72 and a 200-day moving average of GBX 4.17. The company has a current ratio of 9.15, a quick ratio of 13.42 and a debt-to-equity ratio of 0.17. Savannah Resources has a 1-year low of GBX 3.10 and a 1-year high of GBX 5.70.

About Savannah Resources

(Get Free Report)

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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