Savannah Energy PLC (LON:SAVE – Get Free Report)’s share price dropped 9.7% during trading on Tuesday . The company traded as low as GBX 5.42 and last traded at GBX 5.51. 8,691,931 shares were traded during mid-day trading, an increase of 328% from the average daily volume of 2,031,032 shares. The stock had previously closed at GBX 6.10.
Savannah Energy Price Performance
The company’s 50 day moving average price is GBX 6.84 and its two-hundred day moving average price is GBX 7.51. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 233.90. The stock has a market cap of £115.08 million, a P/E ratio of 0.69 and a beta of 0.29.
Savannah Energy Company Profile
With over 200 MMboe of hydrocarbon resources in Nigeria and Niger, and a Reserves and Resources life of over 26 years, Savannah aspires to play a long-term role in supplying the energy Africa needs. In Nigeria, Savannah has a significant controlling interest in a large-scale integrated gas production and distribution business which is capable of supplying gas to enable approximately 17% of Nigeria’s available thermal power generation capacity.
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