Savannah Resources (LON:SAV) Hits New 12-Month High – Still a Buy?

Shares of Savannah Resources (LON:SAVGet Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 5 ($0.06) and last traded at GBX 4.50 ($0.06), with a volume of 11719574 shares traded. The stock had previously closed at GBX 4.40 ($0.06).

Savannah Resources Trading Up 2.3 %

The firm’s 50-day simple moving average is GBX 4.34 and its 200 day simple moving average is GBX 4.18. The firm has a market cap of £97.54 million, a P/E ratio of -40.53 and a beta of 1.25. The company has a quick ratio of 13.42, a current ratio of 9.15 and a debt-to-equity ratio of 0.17.

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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