Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Savannah Resources ( (GB:SAV) ) has provided an update.
Savannah Resources welcomes the European Commission’s RESourceEU Action Plan, which aims to bolster Europe’s critical raw materials supply chain. The plan includes €3 billion in funding, fast-tracking of strategic projects, and initiatives to diversify supply chains, which are expected to enhance Savannah’s operations and Europe’s energy independence. Savannah is poised to play a key role in this initiative, aligning with its Barroso Lithium Project’s strategic importance in reducing Europe’s dependency on external lithium sources.
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 and the sole owner of the Barroso Lithium Project in northern Portugal. The project is the largest battery-grade spodumene lithium resource in Europe and is classified as a ‘Strategic Project’ under the European Critical Raw Materials Act. Savannah aims to provide a long-term, locally sourced lithium supply for Europe’s battery value chain, contributing significantly to the European Commission’s goal for endogenous lithium production.
Average Trading Volume: 2,787,169
Technical Sentiment Signal: Strong Sell
Current Market Cap: £91.38M
See more insights into SAV stock on TipRanks’ Stock Analysis page.