Savannah Resources (LON:SAV - Get Free Report)'s share price dropped 7.2% on Wednesday . The company traded as low as GBX 3.20 ($0.04) and last traded at GBX 3.20 ($0.04). Approximately 3,759,921 shares were traded during trading, an increase of 30% from the average daily volume of 2,893,406 shares. The stock had previously closed at GBX 3.45 ($0.05).
Analyst Ratings Changes
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 report on Tuesday, May 6th.
Check Out Our Latest Analysis on SAV
Savannah Resources Stock Performance
The business has a 50-day moving average price of GBX 3.98 and a 200-day moving average price of GBX 4.36. The firm has a market capitalization of £69.80 million, a price-to-earnings ratio of -29.00 and a beta of 1.25. The company has a quick ratio of 13.42, a current ratio of 9.15 and a debt-to-equity ratio of 0.17.
Savannah Resources (LON:SAV - Get Free Report) last issued its quarterly earnings results on Thursday, April 10th. The company reported GBX (0.22) ($0.00) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that Savannah Resources will post 3.3898305 earnings per share 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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