Savannah Resources (LON:SAV) Stock Price Passes Below 200-Day Moving Average of $4.00

Savannah Resources (LON:SAV)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4 ($0.05) and traded as low as GBX 3.75 ($0.05). Savannah Resources shares last traded at GBX 3.78 ($0.05), with a volume of 3,412,536 shares changing hands.

The company has a quick ratio of 2.30, a current ratio of 2.31 and a debt-to-equity ratio of 0.06. The firm has a market cap of £63.67 million and a PE ratio of -6.30. The firm’s fifty day simple moving average is GBX 3.57 and its two-hundred day simple moving average is GBX 4.

In other news, insider David Archer purchased 100,000 shares of the stock in a transaction on Thursday, June 24th. The shares were acquired at an average price of GBX 4 ($0.05) per share, with a total value of £4,000 ($5,226.03).

About Savannah Resources (LON:SAV)

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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