Savannah Resources (LON:SAV) Sets New 52-Week High - Here's Why

Savannah Resources (LON:SAV - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as GBX 5.22 ($0.07) and last traded at GBX 5.11 ($0.07), with a volume of 3834450 shares trading hands. The stock had previously closed at GBX 5.09 ($0.07).

Savannah Resources Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 9.15 and a quick ratio of 13.42. The stock's fifty day simple moving average is GBX 4.58 and its two-hundred day simple moving average is GBX 4.30. The company has a market capitalization of £117.05 million, a price-to-earnings ratio of -48.63 and a beta of 1.25.

Savannah Resources (LON:SAV - Get Free Report) last issued its quarterly earnings data on Thursday, April 10th. The company reported GBX (0.22) ($0.00) earnings per share for the quarter. On average, sell-side analysts predict that Savannah Resources will post 3.3898305 earnings per share for the current fiscal year.

Savannah Resources Company Profile

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.