Savannah Resources (LON:SAV) Reaches New 52-Week High – Should You Buy?

Savannah Resources (LON:SAVGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 5 ($0.06) and last traded at GBX 4.50 ($0.06), with a volume of 11719574 shares trading hands. The stock had previously closed at GBX 4.40 ($0.06).

Savannah Resources Stock Performance

The stock has a market cap of £101.88 million, a P/E ratio of -42.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 9.15 and a quick ratio of 13.42. The company has a fifty day moving average of GBX 4.35 and a 200 day moving average of GBX 4.19.

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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