Savannah Energy (LON:SAVE) Shares Up 4.4% – Still a Buy?

Savannah Energy PLC (LON:SAVEGet Free Report) shares were up 4.4% on Monday . The company traded as high as GBX 7.83 and last traded at GBX 7.73. Approximately 821,930 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 1,200,113 shares. The stock had previously closed at GBX 7.40.

Savannah Energy Stock Up 4.9%

The business’s 50 day simple moving average is GBX 6.28 and its 200 day simple moving average is GBX 6.93. The company has a market capitalization of £164.63 million, a PE ratio of 0.97 and a beta of 0.86. The company has a quick ratio of 0.57, a current ratio of 0.76 and a debt-to-equity ratio of 228.16.

About Savannah Energy

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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 power projects.

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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