Savannah Energy (LON:SAVE) Receives “House Stock” Rating from Shore Capital

Shore Capital restated their house stock rating on shares of Savannah Energy (LON:SAVE) in a report issued on Monday morning, MarketBeat Ratings reports.

Savannah Energy Stock Performance

Shares of SAVE stock opened at GBX 6.40 ($0.09) on Monday. The business’s 50 day simple moving average is GBX 7.48 and its 200 day simple moving average is GBX 19. Savannah Energy has a one year low of GBX 6.30 ($0.08) and a one year high of GBX 13.60 ($0.18). The stock has a market capitalization of £8.40 billion, a PE ratio of -4.15 and a beta of 0.86. The company has a debt-to-equity ratio of 228.16, a current ratio of 0.76 and a quick ratio of 0.57.

Insider Activity

In other Savannah Energy news, insider Andrew Knott purchased 2,050,000 shares of the stock in a transaction on Friday, April 4th. The shares were purchased at an average price of GBX 8 ($0.11) per share, with a total value of £164,000 ($219,046.35). Insiders own 15.77% of the company’s stock.

Savannah Energy Company Profile

Savannah Energy PLC is a British independent energy company focused around the delivery of Projects that Matter in Africa. We are active in both hydrocarbon and renewable energy projects.

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 20% of Nigeria’s thermal power generation capacity.