Savannah Resources (LON:SAV) Stock Price Down 8.4% – Time to Sell?

Savannah Resources (LON:SAV) fell 8.4% on Monday . The company traded as low as GBX 4.90 and last traded at GBX 5.04. 20,169,457 shares traded hands during mid-day trading, an increase of 269% from the average session volume of 5,467,378 shares. The stock had previously closed at GBX 5.50.

Analyst Ratings Changes

A number of analysts recently issued reports on SAV shares. Deutsche Bank Aktiengesellschaft reiterated a “speculative buy” rating and set a GBX 13 price objective on shares of Savannah Resources in a research note on Friday, May 15th. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 13 price target on shares of Savannah Resources in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Savannah Resources currently has an average rating of “Buy” and an average price target of GBX 13.

Savannah Resources Stock Down 8.4%

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’s fifty day moving average is GBX 6.35 and its 200-day moving average is GBX 5.71. The company has a market capitalization of £129.73 million, a PE ratio of -27.98 and a beta of 0.76.

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. 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.