Savannah Resources (LON:SAV) Sets New 52-Week High – Still a Buy?

Shares of Savannah Resources (LON:SAV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 5.70 and last traded at GBX 5.60, with a volume of 18426324 shares. The stock had previously closed at GBX 5.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 11 target price on shares of Savannah Resources in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Savannah Resources presently has an average rating of “Buy” and a consensus target price of GBX 11.

Savannah Resources Price Performance

The company’s 50 day moving average price is GBX 5.09 and its 200-day moving average price is GBX 4.51. The company has a current ratio of 5.60, a quick ratio of 13.42 and a debt-to-equity ratio of 1.38. The company has a market capitalization of £155.99 million, a PE ratio of -34.43 and a beta of 0.55.

Savannah Resources (LON:SAV) last released its quarterly earnings data on Thursday, April 16th. The company reported GBX (0.18) EPS for the quarter. On average, sell-side analysts forecast that Savannah Resources will post 3.3898305 earnings per share for the current fiscal 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. 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.