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 4.38 ($0.06) and traded as low as GBX 3.40 ($0.05). Savannah Resources shares last traded at GBX 3.40 ($0.05), with a volume of 1,191,610 shares trading hands.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 9 ($0.12) target price on shares of Savannah Resources in a research note on Tuesday, May 6th.
Get Our Latest Research Report on SAV
Savannah Resources Trading Down 7.2%
The stock's fifty day simple moving average is GBX 4.01 and its 200-day simple moving average is GBX 4.36. The firm has a market cap of £69.36 million, a PE ratio of -28.82 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 9.15 and a quick ratio of 13.42.
Savannah Resources (LON:SAV - Get Free Report) last posted its quarterly earnings results on Thursday, April 10th. The company reported GBX (0.22) ($0.00) earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that Savannah Resources will post 3.3898305 earnings per share for the current year.
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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