Could Savannah Resources Plc Decline After Today’s Huge Increase?

 Could Savannah Resources Plc Decline After Today's Huge Increase?

The stock of Savannah Resources Plc (LON:SAV) is a huge mover today! The stock increased 6.14% or GBX 0.34 on November 18, hitting GBX 5.84. About 3.46M shares traded hands or 78.35% up from the average. Savannah Resources Plc (LON:SAV) has risen 131.58% since April 19, 2016 and is uptrending. It has outperformed by 127.15% the S&P500.
The move comes after 6 months positive chart setup for the GBX 28.80 million company. It was reported on Nov, 18 by Barchart.com. We have GBX 11.86 PT which if reached, will make LON:SAV worth GBX 29.66 million more.

Savannah Resources Plc (LON:SAV) Ratings Coverage

Out of 5 analysts covering Savannah Resources (LON:SAV), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 125 is the highest target while GBX 70 is the lowest. The GBX 97.50 average target is 1569.52% above today’s (GBX 5.84) stock price. Savannah Resources has been the topic of 67 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The stock of Savannah Resources Plc (LON:SAV) has “Corporate” rating given on Friday, September 25 by Northland Capital. The rating was maintained by Northland Capital with “Corporate” on Wednesday, November 4. The rating was maintained by Beaufort Securities on Wednesday, November 16 with “Speculative Buy”. Beaufort Securities maintained the stock with “Speculative Buy” rating in Monday, September 26 report. The company was maintained on Tuesday, October 20 by Beaufort Securities. The firm has “Speculative Buy” rating by Beaufort Securities given on Tuesday, February 16. Beaufort Securities maintained the stock with “Speculative Buy” rating in Thursday, May 26 report. The firm earned “Speculative Buy” rating on Monday, October 31 by Beaufort Securities. Northland Capital maintained the stock with “Corporate” rating in Monday, February 22 report. The firm has “Buy” rating by Mirabaud given on Friday, July 8.

Savannah Resources Plc is a United Kingdom multi -commodity and multi-geographic development company. The company has a market cap of 28.80 million GBP. The Company’s principal activities include the exploration for copper in Oman and enhancement of the Company’s heavy mineral sands Project in Mozambique. It currently has negative earnings. The Company’s divisions include Oman Copper, Mozambique Mineral Sands, Headquarter administration and corporate, and Investments.

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