Savannah Resources (LON:SAV) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Savannah Resources (LON:SAV) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4.45 ($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 9,581,783 shares trading hands.

Wall Street Analyst Weigh In

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

Savannah Resources Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 13.42 and a current ratio of 9.15. The company has a market capitalization of £79.33 million, a PE ratio of -32.96 and a beta of 1.25. The company’s 50-day simple moving average is GBX 4.65 and its 200-day simple moving average is GBX 4.45.

Savannah Resources (LON:SAV) last announced its earnings results on Thursday, April 10th. The company reported GBX (0.22) ($0.00) earnings per share for the quarter. As a group, sell-side analysts anticipate that Savannah Resources will post 3.3898305 earnings per share for the current year.

Savannah Resources Company Profile

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.