Savannah Energy (LON:SAVE) Trading 6.1% Higher – Time to Buy?

Savannah Energy PLC (LON:SAVEGet Free Report)’s share price shot up 6.1% on Monday . The company traded as high as GBX 7.85 and last traded at GBX 7.85. 1,687,821 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 1,633,058 shares. The stock had previously closed at GBX 7.40.

Savannah Energy Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.57 and a debt-to-equity ratio of 228.16. The stock has a 50-day moving average price of GBX 6.28 and a 200 day moving average price of GBX 6.93. The stock has a market capitalization of £166.47 million, a price-to-earnings ratio of 0.98 and a beta of 0.86.

About Savannah Energy

(Get Free Report)

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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