Savannah Resources (LON:SAV – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5.90 and traded as low as GBX 5.90. Savannah Resources shares last traded at GBX 5.90, with a volume of 518,930 shares trading hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 13 price objective on shares of Savannah Resources in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 13.
View Our Latest Stock Report on Savannah Resources
Savannah Resources Trading Down 2.2%
About Savannah Resources
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. The company was formerly known as African Mining and Exploration plc and changed its name to Savannah Resources Plc in September 2013. Savannah Resources Plc was incorporated in 2010 and is based in London, the United Kingdom.
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