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

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Savannah Resources (LON:SAV) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

Several equities research analysts recently weighed in on the stock. FinnCap restated a “corporate” rating on shares of Savannah Resources in a research report on Wednesday, July 18th. Northland Securities restated a “corporate” rating on shares of Savannah Resources in a research report on Wednesday, July 18th. Northland Capital Partners restated a “corporate” rating on shares of Savannah Resources in a research report on Thursday, September 6th. Finally, Barclays restated an “overweight” rating on shares of Savannah Resources in a research report on Tuesday, October 9th.

SAV remained flat at $GBX 6.10 ($0.08) during trading hours on Friday. 874,056 shares of the company traded hands, compared to its average volume of 548,776. Savannah Resources has a 12 month low of GBX 4.62 ($0.06) and a 12 month high of GBX 6.92 ($0.09).

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

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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