Savannah Energy Plc (SAVP.L) (LON:SAVP) Shares Pass Below 200-Day Moving Average of $8.90

Shares of Savannah Energy Plc (SAVP.L) (LON:SAVPGet Rating) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 8.90 ($0.11) and traded as low as GBX 7.88 ($0.10). Savannah Energy Plc (SAVP.L) shares last traded at GBX 8.90 ($0.11), with a volume of 1,128,348 shares changing hands.

Savannah Energy Plc (SAVP.L) Trading Up 12.7 %

The firm has a market capitalization of £88.68 million and a PE ratio of -8.09. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 8.01. The stock’s fifty day simple moving average is GBX 8.90 and its 200 day simple moving average is GBX 8.90.

About Savannah Energy Plc (SAVP.L)

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Savannah Petroleum Plc, an oil and gas company, engages in the exploration of hydrocarbons in the Republic of Niger. The company's principal assets are the R1/R2 and R3/R4 PSC that cover an area of 13,655 km2 located in the Agadem rift basin in South East Niger. Savannah Petroleum Plc was incorporated in 2014 and is based in London, the United Kingdom.

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