Savannah Resources (LON:SAV) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Savannah Resources (LON:SAVGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4.11 ($0.05) and traded as low as GBX 4.10 ($0.05). Savannah Resources shares last traded at GBX 4.16 ($0.05), with a volume of 797,297 shares.

Savannah Resources Trading Down 1.2 %

The firm’s 50 day moving average price is GBX 4.29 and its 200-day moving average price is GBX 4.11. The stock has a market cap of £90.19 million, a P/E ratio of -37.47 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 9.15 and a quick ratio of 13.42.

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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