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

Savannah Resources (LON:SAV - Get Free Report)'s stock price fell 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). 3,759,921 shares changed hands during mid-day trading, an increase of 30% from the average session 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 reissued a "speculative buy" rating and set a GBX 9 ($0.12) price target on shares of Savannah Resources in a report on Tuesday, May 6th.

Savannah Resources Stock Up 4.7%

The stock has a market capitalization of £72.61 million, a P/E ratio of -30.17 and a beta of 1.25. The firm's fifty day moving average is GBX 4.01 and its 200-day moving average is GBX 4.36. The company has a current ratio of 9.15, a quick ratio of 13.42 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) EPS for the quarter. As a group, equities research analysts predict that Savannah Resources will post 3.3898305 earnings per share for the current 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.

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