Savannah Resources (LON:SAV) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Savannah Resources (LON:SAV) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5.74 and traded as low as GBX 5.60. Savannah Resources shares last traded at GBX 5.85, with a volume of 1,594,295 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SAV shares. Deutsche Bank Aktiengesellschaft reiterated a “speculative buy” rating and issued a GBX 13 price target on shares of Savannah Resources in a report on Friday, May 15th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 13 target price on shares of Savannah Resources in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Savannah Resources currently has an average rating of “Buy” and a consensus price target of GBX 13.

Savannah Resources Price Performance

The firm has a market cap of £157.10 million, a price-to-earnings ratio of -33.89 and a beta of 0.74. The company has a debt-to-equity ratio of 1.38, a quick ratio of 13.42 and a current ratio of 5.60. The business has a 50 day simple moving average of GBX 6.14 and a 200-day simple moving average of GBX 5.74.

Savannah Resources Company Profile

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.