Savannah Energy (LON:SAVE) Trading Up 1.8% – Time to Buy?

Shares of Savannah Energy PLC (LON:SAVE) rose 1.8% on Monday . The company traded as high as GBX 9.42 and last traded at GBX 8.75. Approximately 1,021,705 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 2,937,715 shares. The stock had previously closed at GBX 8.60.

Savannah Energy Price Performance

The stock has a market capitalization of £182.75 million, a PE ratio of 1.09 and a beta of 0.15. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 163.70. The stock’s 50 day moving average price is GBX 8.21 and its 200-day moving average price is GBX 7.23.

Insider Buying and Selling

In related news, insider Marco Iannotti sold 1,500,000 shares of Savannah Energy stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of GBX 8, for a total transaction of £120,000. 15.07% of the stock is owned by corporate 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 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.