Savannah Resources (LON:SAV) Announces Quarterly Earnings Results

Savannah Resources (LON:SAV) released its quarterly earnings results on Friday. The company reported GBX (8) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Savannah Resources Stock Up 0.3%

Shares of SAV stock opened at GBX 6.02 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.60 and a quick ratio of 13.42. Savannah Resources has a one year low of GBX 3.20 and a one year high of GBX 7.70. The company’s fifty day moving average price is GBX 5.95 and its 200-day moving average price is GBX 5.91. The company has a market capitalization of £155.04 million, a price-to-earnings ratio of -33.44 and a beta of 0.74.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 13 price objective on shares of Savannah Resources in a research note on Wednesday, July 15th. Two analysts have 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 13.

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. 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.