Free Trial

Savannah Resources (LON:SAV) Shares Down 7.2% - Should You Sell?

Savannah Resources logo with Basic Materials background

Savannah Resources (LON:SAV - Get Free Report) shares were down 7.2% on Wednesday . The stock 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 mid-day 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).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued 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 Savannah Resources

Savannah Resources Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 9.15 and a quick ratio of 13.42. The firm has a market cap of £69.80 million, a P/E ratio of -29.00 and a beta of 1.25. The stock's 50-day simple moving average is GBX 3.98 and its two-hundred day simple moving average is GBX 4.36.

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

About Savannah Resources

(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.

See Also

Should You Invest $1,000 in Savannah Resources Right Now?

Before you consider Savannah Resources, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Savannah Resources wasn't on the list.

While Savannah Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines