Savannah Resources (LON:SAV) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.95 and traded as low as $1.79. Savannah Resources shares last traded at $1.88, with a volume of 5,114,641 shares changing hands.
Separately, FinnCap reaffirmed a “corporate” rating on shares of Savannah Resources in a report on Thursday, July 16th.
The firm’s 50-day simple moving average is GBX 2.11 and its 200 day simple moving average is GBX 1.95. The company has a market cap of $26.83 million and a P/E ratio of -4.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.04 and a current ratio of 4.07.
Savannah Resources Company Profile (LON:SAV)
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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