Savannah Resources (LON:SAV) Stock Crosses Below 200 Day Moving Average of $1.99

Savannah Resources (LON:SAV) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.99 and traded as low as $1.90. Savannah Resources shares last traded at $2.20, with a volume of 2,749,099 shares changing hands.

Separately, FinnCap restated a “corporate” rating on shares of Savannah Resources in a research note on Thursday, July 16th.

The company has a 50 day moving average of GBX 2.17 and a 200-day moving average of GBX 1.99. The firm has a market capitalization of $29.23 million and a P/E ratio of -5.63. The company has a current ratio of 4.07, a quick ratio of 4.04 and a debt-to-equity ratio of 0.12.

Savannah Resources Company Profile (LON:SAV)

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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