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Savannah Resources (LON:SAV) Reaches New 12-Month Low - Time to Sell?

Savannah Resources logo with Basic Materials background

Savannah Resources (LON:SAV - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 3.60 ($0.05) and last traded at GBX 3.75 ($0.05), with a volume of 1046417 shares trading hands. The stock had previously closed at GBX 3.75 ($0.05).

Analyst Upgrades and Downgrades

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

Get Our Latest Research Report on SAV

Savannah Resources Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 9.15 and a quick ratio of 13.42. The company has a fifty day moving average price of GBX 4.47 and a 200 day moving average price of GBX 4.43. The company has a market cap of £81.28 million, a PE ratio of -33.77 and a beta of 1.25.

Savannah Resources (LON:SAV - Get Free Report) last released its quarterly earnings results on Thursday, April 10th. The company reported GBX (0.22) ($0.00) EPS for the quarter. As a group, analysts anticipate that Savannah Resources will post 3.3898305 EPS for the current year.

Savannah Resources Company Profile

(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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