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

Shares of Savannah Resources (LON:SAV) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 7.70 and last traded at GBX 7, with a volume of 16304612 shares. The stock had previously closed at GBX 7.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 11 price target 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 data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 11.

Savannah Resources Price Performance

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 firm has a market cap of £180.19 million, a PE ratio of -38.89 and a beta of 0.70. The stock has a 50 day simple moving average of GBX 5.19 and a 200-day simple moving average of GBX 4.56.

Savannah Resources (LON:SAV) last issued its quarterly earnings results on Thursday, April 16th. The company reported GBX (0.18) earnings per share (EPS) for the quarter. Equities analysts anticipate 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.