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Savannah Resources plc

Savannah Resources plc up12%

Shares of Savannah Resources ticker lookup code: LON:SAV a multi-commodity exploration and development company focused on Mozambique and Oman, moved up 12.71% or 0.23 points during the course of today’s session. Investors remained optimistic during the session. The day high touched 2.19 dropping as low as 1.76. Volume total for shares traded reached 6,221,373 with the daily average at 1,021,427. A 52 week high for the stock is 8.23 around -6.4 points in different to the previous business close and a 52 week low sitting at 1.65 which is a difference of 0.18 points. Savannah Resources now has a 20 SMA of 1.96 and also a 50 day moving average now at 2.07. The stock closed on 2.06. The market capitalisation currently stands at £4.50m. The currency for this stock is Great British pence. Market cap is measured in GBP.


Savannah Resources Plc, formerly African Mining and Exploration plc, is a United Kingdom-based exploration and development company. The Company is focused on advancing the Jangamo Heavy Mineral Sands Project in the sands region in Mozambique, and two copper blocks in Oman. The Jangamo tenement (Jangamo) is located in the Southern Mozambique prospective for ilmenite, zircon and rutile. Jangamo covers an area of approximately 180 square kilometers. Jangamo’s resource include 33 meters (m) at 5.9% HMS from surface including 12 m at 9.2% HMS, and 33m at 5.1% HMS from surface including 12m at 7% HMS. The Company’s Blocks 5 and 6 Copper Projects cover 870 square kilometers of the copper-rich Seminail Ophiolite belt in Oman. The Ophiolite belt is a medium to high grade copper deposits with gold credits and metallurgically simple ores. Its blocks include Mahab 4: 56.35 meters (m) at 6.21% Cu, Hara Kilab: 5.54 m at 3.96% Cu, Mahab 2: 5 m at 2.81 % Cu and Maqail South: 6.68 m at 7.42% Cu.

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