Savannah Resources (LON:SAV) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Savannah Resources (LON:SAV)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 4.01 ($0.05) and traded as high as GBX 4.08 ($0.05). Savannah Resources shares last traded at GBX 3.95 ($0.05), with a volume of 14,892,333 shares.

Savannah Resources Stock Down 1.3 %

The firm’s 50 day moving average price is GBX 4.01 and its two-hundred day moving average price is GBX 3.84. The company has a current ratio of 9.15, a quick ratio of 13.42 and a debt-to-equity ratio of 0.17. The company has a market capitalization of £85.72 million, a P/E ratio of -17.00 and a beta of 1.25.

About Savannah Resources

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.