Savannah Resources (LON:SAV - Get Free Report) shares were up 10.4% during trading on Thursday . The company traded as high as GBX 3.70 ($0.05) and last traded at GBX 3.70 ($0.05). Approximately 855,910 shares changed hands during trading, a decline of 67% from the average daily volume of 2,597,803 shares. The stock had previously closed at GBX 3.35 ($0.05).
Analyst Upgrades and Downgrades
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.
Get Our Latest Analysis on SAV
Savannah Resources Price Performance
The business has a fifty day moving average price of GBX 3.53 and a 200 day moving average price of GBX 4.21. The company has a market capitalization of £76.84 million, a price-to-earnings ratio of -31.93 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 Company Profile
(
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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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