Savannah Resources (LON:SAV) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Savannah Resources (LON:SAV) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4.82 and traded as high as GBX 7.30. Savannah Resources shares last traded at GBX 7.29, with a volume of 1,752,691 shares traded.

Analysts Set New Price Targets

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

Savannah Resources Price Performance

The business’s fifty day moving average is GBX 5.69 and its 200 day moving average is GBX 4.82. The firm has a market capitalization of £187.66 million, a P/E ratio of -40.50 and a beta of 0.70. The company has a current ratio of 5.60, a quick ratio of 13.42 and a debt-to-equity ratio of 1.38.

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

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.