Savannah Resources (LON:SAV) Share Price Passes Below 200 Day Moving Average of $4.16

Shares of Savannah Resources (LON:SAVGet Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4.16 ($0.05) and traded as low as GBX 3 ($0.04). Savannah Resources shares last traded at GBX 3.10 ($0.04), with a volume of 1,859,788 shares.

Savannah Resources Price Performance

The business’s 50 day moving average price is GBX 3.46 and its 200 day moving average price is GBX 4.14. The stock has a market capitalization of £54.05 million and a P/E ratio of -16.00. The company has a debt-to-equity ratio of 0.00, a current ratio of 8.35 and a quick ratio of 8.34.

Insider Transactions at Savannah Resources

In related news, insider Dale Ferguson purchased 900,000 shares of Savannah Resources stock in a transaction dated Friday, July 8th. The stock was purchased at an average cost of GBX 2 ($0.02) per share, for a total transaction of £18,000 ($22,056.12). In related news, insider James Gerald Leahy bought 215,889 shares of the stock in a transaction dated Wednesday, July 6th. The shares were purchased at an average price of GBX 2 ($0.02) per share, with a total value of £4,317.78 ($5,290.75). Also, insider Dale Ferguson bought 900,000 shares of the stock in a transaction dated Friday, July 8th. The stock was bought at an average cost of GBX 2 ($0.02) per share, for a total transaction of £18,000 ($22,056.12). Insiders purchased 1,370,889 shares of company stock worth $2,996,778 over the last three months.

About Savannah Resources

(Get Rating)

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.

Further Reading

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