Savannah Resources (LON:SAV – Get Rating) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4.16 ($0.05) and traded as low as GBX 3 ($0.04). Savannah Resources shares last traded at GBX 3.10 ($0.04), with a volume of 1,859,788 shares.
Savannah Resources Price Performance
The company has a debt-to-equity ratio of 0.00, a current ratio of 8.35 and a quick ratio of 8.34. The company’s 50-day simple moving average is GBX 3.49 and its 200-day simple moving average is GBX 4.16. The company has a market cap of £52.36 million and a price-to-earnings ratio of -15.50.
Insider Buying and Selling
In related news, insider Dale Ferguson bought 900,000 shares of the business’s stock in a transaction on Friday, July 8th. The shares were bought at an average cost of GBX 2 ($0.02) per share, for a total transaction of £18,000 ($22,056.12). In other news, insider Dale Ferguson bought 900,000 shares of the stock in a transaction that occurred on Friday, July 8th. The shares were purchased at an average cost of GBX 2 ($0.02) per share, with a total value of £18,000 ($22,056.12). Also, insider James Gerald Leahy bought 215,889 shares of the stock in a transaction that occurred on Wednesday, July 6th. The shares were purchased at an average cost of GBX 2 ($0.02) per share, for a total transaction of £4,317.78 ($5,290.75). Insiders have bought 1,370,889 shares of company stock worth $2,996,778 over the last ninety days.
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.
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