Savannah Energy (LON:SAVE) Stock Price Down 7.8% – Should You Sell?

Savannah Energy PLC (LON:SAVE)’s share price traded down 7.8% during mid-day trading on Friday . The stock traded as low as GBX 6.60 ($0.09) and last traded at GBX 7.33 ($0.10). 315,689 shares were traded during trading, a decline of 89% from the average session volume of 2,935,005 shares. The stock had previously closed at GBX 7.95 ($0.11).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Savannah Energy in a research report on Monday, May 19th.

Savannah Energy Stock Down 11.9%

The firm’s 50-day moving average price is GBX 7.02 and its 200 day moving average price is GBX 16.45. The company has a market capitalization of £9.19 billion, a price-to-earnings ratio of -4.54 and a beta of 0.86. The company has a current ratio of 0.76, a quick ratio of 0.57 and a debt-to-equity ratio of 228.16.

Insider Transactions at Savannah Energy

In related news, insider Andrew Knott bought 1,540,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average cost of GBX 6 ($0.08) per share, with a total value of £92,400 ($125,458.25). 15.77% of the stock is owned by insiders.

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.