Savannah Resources (LON:SAV) Share Price Crosses Above 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Savannah Resources (LON:SAV – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4.82 and traded as high as GBX 7.30. Savannah Resources shares last traded at GBX 7.29, with a volume of 1,752,691 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SAV. Deutsche Bank Aktiengesellschaft reaffirmed a “speculative buy” rating and set a GBX 13 price objective on shares of Savannah Resources in a research report on Friday, May 15th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 1,300 price objective on shares of Savannah Resources in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 656.50.

Read Our Latest Analysis on Savannah Resources

Savannah Resources Price Performance

The company has a quick ratio of 13.42, a current ratio of 5.60 and a debt-to-equity ratio of 1.38. The company has a market capitalization of £187.66 million, a P/E ratio of -40.50 and a beta of 0.70. The company’s 50-day simple moving average is GBX 5.69 and its 200 day simple moving average is GBX 4.82.

Savannah Resources (LON:SAV – Get Free Report) last posted its earnings results on Thursday, April 16th. The company reported GBX (0.18) EPS for the quarter. As a group, sell-side analysts expect that Savannah Resources will post 3.3898305 earnings per share for the current fiscal year.

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. 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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