Savannah Energy (LON:SAVE) Stock Price Down 2.8% – Time to Sell?

Savannah Energy PLC (LON:SAVE) was down 2.8% during trading on Friday . The stock traded as low as GBX 6.80 ($0.09) and last traded at GBX 7 ($0.09). Approximately 109,693,039 shares changed hands during trading, an increase of 2,376% from the average daily volume of 4,430,723 shares. The stock had previously closed at GBX 7.20 ($0.10).

Savannah Energy Stock Performance

The firm has a market capitalization of £113.17 million, a PE ratio of 0.03 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. The company’s fifty day simple moving average is GBX 7.19 and its 200 day simple moving average is GBX 7.18.

About Savannah Energy

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.