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Savannah Resources ( (GB:SAV) ) has issued an announcement.
Savannah Resources announced that its CEO, Emanuel Proença, purchased 235,000 ordinary shares in the company, enhancing his stake to 0.13% of the company’s issued share capital. This move underscores the CEO’s confidence in the company’s strategic position in the lithium market, particularly with its Barroso Lithium Project, which is pivotal for Europe’s energy transition and lithium supply chain.
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 is a mineral resource development company focused on the Barroso Lithium Project in northern Portugal, which is the largest battery-grade spodumene lithium resource in Europe. The project is designated as a ‘Strategic Project’ under the European Critical Raw Materials Act, aiming to supply lithium for Europe’s battery value chain and contribute to the EU’s goal of increasing endogenous lithium production.
Average Trading Volume: 3,103,507
Technical Sentiment Signal: Strong Sell
Current Market Cap: £86.23M
See more insights into SAV stock on TipRanks’ Stock Analysis page.