Savannah Resources (LON:SAV) has been retained to Speculative Buy in a report by Beaufort Securities today.
- Updated: November 27, 2016
Just yesterday Savannah Resources (LON:SAV) traded -2.07% lower at 6.75GBX. Savannah Resources’s 50-day moving average is 4.69GBX and its 200-day moving average is 3.88GBX. The last stock price is up 76.47% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 658,143 shares of SAV traded hands, down from an average trading volume of 2,171,760
Beaufort Securities has retained Savannah Resources (LON:SAV) to Speculative Buy in a report released on 11/28/2016.
Recent Performance Chart
Savannah Resources has 52 week low of 1.28GBX and a 52 week high of 7.50GBX and has a market capitalization of 0 GBX.
In addition to Beaufort Securities reporting its stock price target, a total of 1 brokerage has issued a research note on the company. The average stock price target is 4.90GBX with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Savannah Resources (LON:SAV)
Savannah Resources Plc is a United Kingdom-based multi -commodity and multi-geographic development company. The Company's principal activities include the exploration for copper in Oman and enhancement of the Company's heavy mineral sands Project in Mozambique. The Company's segments include Oman Copper, Mozambique Mineral Sands, Headquarter administration and corporate, and Investments. The Company is developing its copper and gold portfolio in Oman towards production (Block 4, 5 and 6). The Company is advancing its Jangamo/Mutamba Heavy Mineral Sands Project in Mozambique. The Company has rights to approximately three blocks covering over 1,270 square kilometers in the Semail Ophiolite belt in the Sultanate of Oman. The three blocks are located approximately 180 kilometers northwest of Muscat, Oman. The Company's high priority areas include the Mahab 4 and Maqail South deposits in Block 5, and the Aarja and Bayda and Lasail deposits in Block 4.
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