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Savannah Resources (LON:SAV) Shares Cross Below Two Hundred Day Moving Average - Should You Sell?

Savannah Resources logo with Basic Materials background

Savannah Resources (LON:SAV - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4.41 ($0.06) and traded as low as GBX 3.60 ($0.05). Savannah Resources shares last traded at GBX 3.60 ($0.05), with a volume of 3,272,943 shares traded.

Analyst Ratings Changes

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

View Our Latest Analysis on Savannah Resources

Savannah Resources Stock Performance

The company has a current ratio of 9.15, a quick ratio of 13.42 and a debt-to-equity ratio of 0.17. The company has a market capitalization of £78.03 million, a PE ratio of -32.42 and a beta of 1.25. The firm's 50-day simple moving average is GBX 4.19 and its 200-day simple moving average is GBX 4.40.

Savannah Resources (LON:SAV - Get Free Report) last announced 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, research 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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