Savannah Resources (LON:SAV) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

by · The Markets Daily

Savannah Resources (LON:SAV – Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3.84 and traded as low as GBX 3.54. Savannah Resources shares last traded at GBX 3.55, with a volume of 373,071 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 8 price objective on shares of Savannah Resources in a research note on Monday, September 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Savannah Resources has an average rating of “Buy” and a consensus price target of GBX 8.

View Our Latest Analysis on SAV

Savannah Resources Trading Down 1.1%

The firm has a market cap of £90.35 million, a P/E ratio of -19.94 and a beta of 1.25. The company has a current ratio of 9.15, a quick ratio of 13.42 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average price is GBX 3.88 and its two-hundred day moving average price is GBX 3.84.

Savannah Resources (LON:SAV – Get Free Report) last released its quarterly earnings results on Wednesday, September 24th. The company reported GBX (0.07) EPS for the quarter. As a group, sell-side analysts predict that Savannah Resources will post 3.3898305 EPS for the current fiscal year.

Insider Activity at Savannah Resources

In other Savannah Resources news, insider Emanuel Proença purchased 235,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average cost of GBX 3 per share, for a total transaction of £7,050. 27.60% of the stock is owned by insiders.

Savannah Resources Company Profile

(Get Free Report)

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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