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Savannah Resources (LON:SAV) Trading Down 7.2% - What's Next?

Savannah Resources logo with Basic Materials background

Shares of Savannah Resources (LON:SAV - Get Free Report) were down 7.2% during trading 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 reissued a "speculative buy" rating and set a GBX 9 ($0.12) price objective on shares of Savannah Resources in a report on Tuesday, May 6th.

Read Our Latest Stock Report on Savannah Resources

Savannah Resources Trading Up 3.1%

The stock has a market cap of £71.53 million, a PE ratio of -29.72 and a beta of 1.25. The business's fifty day moving average is GBX 3.92 and its 200 day moving average is GBX 4.34. 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 released its quarterly earnings data on Thursday, April 10th. The company reported GBX (0.22) ($0.00) EPS for the quarter. As a group, analysts predict 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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