Savannah Resources (LON:SAV) Shares Cross Below 200-Day Moving Average of $3.85

Savannah Resources (LON:SAV)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3.85 ($0.05) and traded as low as GBX 2.33 ($0.03). Savannah Resources shares last traded at GBX 2.43 ($0.03), with a volume of 11,915,805 shares changing hands.

Savannah Resources Trading Up 4.1 %

The stock has a market cap of £44.38 million, a PE ratio of -17.00 and a beta of 1.44. The stock has a 50-day moving average price of GBX 3.17 and a two-hundred day moving average price of GBX 3.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.90 and a quick ratio of 13.42.

Insider Activity

In other news, insider Bruce Griffin acquired 100,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was purchased at an average price of GBX 3 ($0.04) per share, for a total transaction of £3,000 ($3,684.15). In other Savannah Resources news, insider Emanuel Proença purchased 229,164 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was purchased at an average price of GBX 3 ($0.04) per share, with a total value of £6,874.92 ($8,442.74). Also, insider Bruce Griffin acquired 100,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was purchased at an average cost of GBX 3 ($0.04) per share, with a total value of £3,000 ($3,684.15). Company insiders own 22.97% of the company’s stock.

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.