Savannah Resources (LON:SAV - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4.26 ($0.06) and traded as low as GBX 3.30 ($0.04). Savannah Resources shares last traded at GBX 3.38 ($0.04), with a volume of 409,802 shares.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 9 ($0.12) price target on shares of Savannah Resources in a research report on Tuesday, May 6th.
Get Our Latest Stock Analysis on SAV
Savannah Resources Stock Performance
The stock has a fifty day moving average price of GBX 3.59 and a 200 day moving average price of GBX 4.25. The company has a current ratio of 9.15, a quick ratio of 13.42 and a debt-to-equity ratio of 0.17. The firm has a market cap of £74.46 million, a price-to-earnings ratio of -30.94 and a beta of 1.25.
About Savannah Resources
(
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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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