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Savannah Resources (LON:SAV) Shares Down 1.2% - Here's Why

Savannah Resources logo with Basic Materials background

Savannah Resources (LON:SAV - Get Free Report) was down 1.2% during mid-day trading on Tuesday . The stock traded as low as GBX 3.90 ($0.05) and last traded at GBX 4 ($0.05). Approximately 4,718,841 shares traded hands during trading, an increase of 19% from the average daily volume of 3,961,291 shares. The stock had previously closed at GBX 4.05 ($0.05).

Savannah Resources Price Performance

The company's 50-day simple moving average is GBX 4 and its 200-day simple moving average is GBX 3.79. The stock has a market capitalization of £86.80 million, a P/E ratio of -17.00 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 9.15 and a quick ratio of 13.42.

Savannah Resources Company Profile

(Get Free Report)

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.

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