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Savannah Resources (LON:SAV) Trading Down 9% - What's Next?

Savannah Resources logo with Basic Materials background

Key Points

  • Savannah Resources shares fell 9% during trading, closing at GBX 3.78 ($0.05), down from a previous close of GBX 4.15 ($0.06).
  • The company has a market capitalization of £87.69 million and exhibits a PE ratio of -1,808.10.
  • Savannah Resources is involved in mineral exploration with interests in projects located in Mozambique, Oman, and Portugal.
  • MarketBeat previews the top five stocks to own by November 1st.

Savannah Resources (LON:SAV - Get Free Report)'s share price was down 9% during mid-day trading on Thursday . The company traded as low as GBX 3.78 ($0.05) and last traded at GBX 3.78 ($0.05). Approximately 2,470,056 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 2,632,768 shares. The stock had previously closed at GBX 4.15 ($0.06).

Savannah Resources Stock Performance

The stock has a market capitalization of £101.84 million, a PE ratio of -2,100.00 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. The business's fifty day moving average price is GBX 3.64 and its 200-day moving average price is GBX 4.17.

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.

Further Reading

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