Savannah Resources (SAV) Receives Consensus Rating of “Buy” from Brokerages

Shares of Savannah Resources (LON:SAV) have earned a consensus rating of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

SAV has been the subject of several recent research reports. FinnCap reiterated a “corporate” rating on shares of Savannah Resources in a research report on Wednesday, July 18th. Northland Securities reiterated a “corporate” rating on shares of Savannah Resources in a research report on Wednesday, July 18th. Northland Capital Partners reiterated a “corporate” rating on shares of Savannah Resources in a research report on Thursday, September 6th. Finally, Barclays reiterated an “overweight” rating on shares of Savannah Resources in a research report on Tuesday, October 9th.

In other news, insider Christopher Michael McGarty sold 2,037,500 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of GBX 8 ($0.10), for a total value of £163,000 ($212,988.37).

Shares of Savannah Resources stock traded up GBX 0.10 ($0.00) on Friday, hitting GBX 6.20 ($0.08). 1,354,861 shares of the company’s stock traded hands, compared to its average volume of 548,776. Savannah Resources has a one year low of GBX 4.62 ($0.06) and a one year high of GBX 6.92 ($0.09).

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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