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The latest update is out from Savannah Resources ( (GB:SAV) ).
Savannah Resources has announced a conditional retail offer of new ordinary shares through RetailBook at a discounted price of 3.7p per share. This initiative is part of a larger fundraising effort to acquire the Aldeia Mining Lease and advance the Barroso Lithium Project’s development schedule. The retail offer is open to both existing and new investors in the UK, with a minimum subscription of £250, and aims to engage retail shareholders by providing them an opportunity to participate alongside institutional investors.
The most recent analyst rating on (GB:SAV) stock is a Buy with a £8.00 price target. To see the full list of analyst forecasts on Savannah Resources stock, see the GB:SAV Stock Forecast page.
More about Savannah Resources
Savannah Resources plc is an AIM-listed European lithium development company focused on advancing its Barroso Lithium Project. The company operates in the mining industry, primarily dealing with lithium development, which is crucial for the growing electric vehicle and battery storage markets.
Average Trading Volume: 2,681,253
Technical Sentiment Signal: Sell
Current Market Cap: £90.07M
For a thorough assessment of SAV stock, go to TipRanks’ Stock Analysis page.