Savannah Resources (LON:SAV) Reaches New 1-Year Low - What's Next?

Savannah Resources (LON:SAV - Get Free Report)'s stock 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 3272943 shares trading hands. The stock had previously closed at GBX 3.70 ($0.05).

Analyst Upgrades and Downgrades

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

Savannah Resources Stock Down 2.8%

The business's fifty day moving average price is GBX 4.22 and its 200 day moving average price is GBX 4.41. 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 firm has a market capitalization of £75.87 million, a PE ratio of -31.52 and a beta of 1.25.

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

About Savannah Resources

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.