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

Shares of Savannah Resources (LON:SAV - Get Free Report) reached a new 52-week low during 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 traded. The stock had previously closed at GBX 3.75 ($0.05).

Analysts Set New Price Targets

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

Savannah Resources Price Performance

The firm has a market cap of £89.30 million, a P/E ratio of -37.10 and a beta of 1.25. The firm's fifty day simple moving average is GBX 4.38 and its 200 day simple moving average is GBX 4.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 13.42 and a current ratio of 9.15.

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

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.