Savannah Resources (LON:SAV) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Savannah Resources (LON:SAV - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4.43 ($0.06) and traded as low as GBX 3.65 ($0.05). Savannah Resources shares last traded at GBX 3.75 ($0.05), with a volume of 969,556 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 9 ($0.12) price objective on shares of Savannah Resources in a research note on Tuesday, May 6th.

Savannah Resources Stock Performance

The company has a market cap of £89.30 million, a price-to-earnings ratio of -37.10 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. The stock has a 50 day simple moving average of GBX 4.38 and a 200 day simple moving average of GBX 4.43.

Savannah Resources (LON:SAV - Get Free Report) last announced its quarterly earnings data on Thursday, April 10th. The company reported GBX (0.22) ($0.00) earnings per share for the quarter. As a group, analysts predict that Savannah Resources will post 3.3898305 EPS for the current year.

About Savannah Resources

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.