Savannah Resources (LON:SAV) Shares Cross Below 200-Day Moving Average - Should You Sell?

Savannah Resources (LON:SAV - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4.45 ($0.06) and traded as low as GBX 3.60 ($0.05). Savannah Resources shares last traded at GBX 3.60 ($0.05), with a volume of 9,581,783 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated 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 Stock Down 0.5%

The firm has a market cap of £79.79 million, a P/E ratio of -33.15 and a beta of 1.25. The firm's 50-day moving average price is GBX 4.65 and its 200 day moving average price is GBX 4.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 9.15 and a quick ratio of 13.42.

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