Savannah Resources (LON:SAV) Shares Pass Below 200 Day Moving Average of $4.16

Shares of Savannah Resources (LON:SAVGet Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Savannah Resources Stock Up 3.2 %

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

Insiders Place Their Bets

In related news, insider James Gerald Leahy bought 215,889 shares of Savannah Resources stock in a transaction dated Wednesday, July 6th. The stock was purchased at an average cost of GBX 2 ($0.02) per share, with a total value of £4,317.78 ($5,290.75). In other Savannah Resources news, insider James Gerald Leahy purchased 215,889 shares of the company’s stock in a transaction that occurred on Wednesday, July 6th. The shares were bought at an average cost of GBX 2 ($0.02) per share, for a total transaction of £4,317.78 ($5,290.75). Also, insider Dale Ferguson purchased 255,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were acquired at an average price of GBX 3 ($0.04) per share, for a total transaction of £7,650 ($9,373.85). In the last ninety days, insiders bought 1,370,889 shares of company stock valued at $2,996,778.

Savannah Resources Company Profile

(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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