Savannah Resources (LON:SAV – Get Free Report) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 6 and traded as low as GBX 5. Savannah Resources shares last traded at GBX 5.18, with a volume of 2,321,878 shares.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 11 price target on shares of Savannah Resources in a research note on Wednesday, October 7th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, Savannah Resources presently has a consensus rating of “Buy” and a consensus price target of GBX 12.
Savannah Resources Stock Up 1.6%
The business has a 50-day moving average price of GBX 5.76 and a 200-day moving average price of GBX 6. The company has a market capitalization of £159.25 million, a price-to-earnings ratio of -27.13 and a beta of 0.74. The company has a quick ratio of 13.42, a current ratio of 4.50 and a debt-to-equity ratio of 1.37.
Savannah Resources (LON:SAV – Get Free Report) last posted its quarterly earnings results on Friday, September 18th. The company reported GBX (8) earnings per share for the quarter. As a group, equities analysts anticipate that Savannah Resources will post 3.39 earnings per share for the current fiscal year.
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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