Savannah Resources (LON:SAV) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Savannah Resources (LON:SAV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5.71 and traded as high as GBX 6. Savannah Resources shares last traded at GBX 5.70, with a volume of 5,444,320 shares changing hands.

Analyst Upgrades and Downgrades

SAV has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “speculative buy” rating and issued a GBX 13 price objective on shares of Savannah Resources in a research note on Friday, May 15th. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 13 target price on shares of Savannah Resources in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 13.

Savannah Resources Price Performance

The company’s 50 day moving average price is GBX 6.39 and its 200 day moving average price is GBX 5.71. The company has a debt-to-equity ratio of 1.38, a quick ratio of 13.42 and a current ratio of 5.60. The company has a market cap of £141.65 million, a price-to-earnings ratio of -30.56 and a beta of 0.76.

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. 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.