Savannah Resources (LON:SAV)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 7.70 ($0.10) and last traded at GBX 7.60 ($0.10), with a volume of 3937131 shares traded. The stock had previously closed at GBX 6.50 ($0.09).
A number of equities analysts have issued reports on SAV shares. Northland Securities reaffirmed a “corporate” rating on shares of Savannah Resources in a report on Monday, February 26th. FinnCap reaffirmed a “corporate” rating and issued a GBX 11 ($0.15) target price on shares of Savannah Resources in a report on Wednesday, March 28th. Barclays started coverage on Savannah Resources in a report on Monday, February 19th. They issued an “overweight” rating and a GBX 41 ($0.56) target price for the company. Beaufort Securities reaffirmed a “speculative buy” rating on shares of Savannah Resources in a report on Monday, February 26th. Finally, Northland Capital Partners reaffirmed a “corporate” rating on shares of Savannah Resources in a report on Monday, February 12th. One analyst has rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 20.53 ($0.28).
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.
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