Savannah Resources (LON:SAV) Trading Up 1.2% – Still a Buy?

Savannah Resources (LON:SAVGet Free Report)’s stock price traded up 1.2% during mid-day trading on Monday . The company traded as high as GBX 4.40 ($0.06) and last traded at GBX 4.30 ($0.05). 1,265,860 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 3,877,649 shares. The stock had previously closed at GBX 4.25 ($0.05).

Savannah Resources Stock Performance

The firm has a fifty day simple moving average of GBX 4.03 and a 200 day simple moving average of GBX 3.93. The company has a debt-to-equity ratio of 0.17, a current ratio of 9.15 and a quick ratio of 13.42. The company has a market cap of £93.31 million, a price-to-earnings ratio of -17.00 and a beta of 1.25.

Savannah Resources Company Profile

(Get Free Report)

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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