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Savannah Resources (LON:SAV) Reaches New 52-Week Low - Time to Sell?

Savannah Resources logo with Basic Materials background

Savannah Resources (LON:SAV - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 3.60 ($0.05) and last traded at GBX 3.60 ($0.05), with a volume of 421908 shares. The stock had previously closed at GBX 3.70 ($0.05).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 9 ($0.12) price objective on shares of Savannah Resources in a report on Tuesday, May 6th.

Check Out Our Latest Stock Report on SAV

Savannah Resources Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 13.42 and a current ratio of 9.15. The company has a market capitalization of £82.15 million, a price-to-earnings ratio of -34.13 and a beta of 1.25. The company has a 50-day moving average price of GBX 4.57 and a 200-day moving average price of GBX 4.43.

Savannah Resources (LON:SAV - Get Free Report) last released its quarterly earnings data on Thursday, April 10th. The company reported GBX (0.22) ($0.00) earnings per share for the quarter. On average, equities research analysts expect that Savannah Resources will post 3.3898305 EPS for the current fiscal year.

About Savannah Resources

(Get Free Report)

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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