Savannah Resources (LON:SAV) Reaches New 1-Year Low - Here's Why

Savannah Resources (LON:SAV - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as GBX 3.10 ($0.04) and last traded at GBX 3.40 ($0.05), with a volume of 499253 shares traded. The stock had previously closed at GBX 3.47 ($0.05).

Analyst Ratings Changes

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

Savannah Resources Price Performance

The company has a 50 day simple moving average of GBX 3.82 and a two-hundred day simple moving average of GBX 4.32. The company has a quick ratio of 13.42, a current ratio of 9.15 and a debt-to-equity ratio of 0.17. The company has a market capitalization of £75.87 million, a P/E ratio of -31.52 and a beta of 1.25.

Savannah Resources Company Profile

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.