Does Savannah Resources Plc Have Any Gas After Today’s Huge Decline?

 Does Savannah Resources Plc Have Any Gas After Today's Huge Decline?

The stock of Savannah Resources Plc (LON:SAV) is a huge mover today! The stock decreased 8.06% or GBX 0.51 on December 1, hitting GBX 5.86. About 4.42 million shares traded hands or 122.11% up from the average. Savannah Resources Plc (LON:SAV) has risen 96.58% since May 4, 2016 and is uptrending. It has outperformed by 90.66% the S&P500.
The move comes after 9 months negative chart setup for the GBX 26.87M company. It was reported on Dec, 1 by Barchart.com. We have GBX 5.57 PT which if reached, will make LON:SAV worth GBX 1.34M less.

Savannah Resources Plc (LON:SAV) Ratings Coverage

Out of 5 analysts covering Savannah Resources (LON:SAV), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Savannah Resources has been the topic of 69 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The rating was maintained by Beaufort Securities with “Speculative Buy” on Friday, September 18. The firm has “Speculative Buy” rating by Beaufort Securities given on Monday, September 26. Northland Capital maintained Savannah Resources Plc (LON:SAV) on Monday, October 24 with “Corporate” rating. The stock of Savannah Resources Plc (LON:SAV) earned “Speculative Buy” rating by Beaufort Securities on Friday, May 13. The stock of Savannah Resources Plc (LON:SAV) earned “Speculative Buy” rating by Beaufort Securities on Monday, November 28. The firm has “Speculative Buy” rating by Beaufort Securities given on Tuesday, October 13. Northland Capital maintained the stock with “Corporate” rating in Thursday, March 31 report. Beaufort Securities maintained Savannah Resources Plc (LON:SAV) on Monday, September 12 with “Speculative Buy” rating. Beaufort Securities maintained the stock with “Speculative Buy” rating in Tuesday, October 11 report. The rating was maintained by Beaufort Securities with “Speculative Buy” on Tuesday, January 12.

Savannah Resources Plc is a United Kingdom multi -commodity and multi-geographic development company. The company has a market cap of 26.87 million GBP. The Company’s principal activities include the exploration for copper in Oman and enhancement of the Company’s heavy mineral sands Project in Mozambique. It currently has negative earnings. The Company’s divisions include Oman Copper, Mozambique Mineral Sands, Headquarter administration and corporate, and Investments.

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