Savannah Resources (LON:SAV)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.
Separately, FinnCap restated a “corporate” rating on shares of Savannah Resources in a research report on Thursday, July 16th.
The firm has a fifty day simple moving average of GBX 2.17 and a 200-day simple moving average of GBX 1.99. The firm has a market cap of $29.23 million and a P/E ratio of -5.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.07 and a quick ratio of 4.04.
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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