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

Shares of Savannah Resources (LON:SAV) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 6 and traded as high as GBX 7.20. Savannah Resources shares last traded at GBX 7.10, with a volume of 3,516,833 shares.

Analyst Ratings Changes

SAV has been the topic of a number of research reports. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 1,300 price target on shares of Savannah Resources in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “speculative buy” rating and issued a GBX 13 target price on shares of Savannah Resources in a research report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 656.50.

Savannah Resources Trading Up 0.3%

The business has a 50-day simple moving average of GBX 6.09 and a two-hundred day simple moving average of GBX 5.01. The stock has a market cap of £177.10 million, a price-to-earnings ratio of -38.22 and a beta of 0.70. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.60 and a quick ratio of 13.42.

Savannah Resources (LON:SAV) last released its quarterly earnings data on Thursday, April 16th. The company reported GBX (0.18) earnings per share (EPS) for the quarter. Equities analysts forecast that Savannah Resources will post 3.3898305 EPS for the current fiscal year.

About Savannah Resources

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.