Savannah Resources (LON:SAV) Stock Passes Below 200-Day Moving Average of $4.16

Savannah Resources (LON:SAVGet 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

(Get Rating)

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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