Savannah Energy PLC (LON:SAVE – Get Free Report) dropped 64.3% during mid-day trading on Wednesday . The stock traded as low as GBX 10 ($0.12) and last traded at GBX 10 ($0.12). Approximately 3,000,000 shares changed hands during trading, a decline of 23% from the average daily volume of 3,875,443 shares. The stock had previously closed at GBX 28 ($0.35).
Savannah Energy Price Performance
The firm’s 50-day moving average is GBX 25.69 and its 200-day moving average is GBX 26.06. The company has a debt-to-equity ratio of 199.48, a current ratio of 0.63 and a quick ratio of 0.57. The company has a market capitalization of £131 million, a P/E ratio of -200.00 and a beta of 0.68.
About Savannah Energy
Savannah Energy PLC, together with its subsidiaries, engages in the exploration, development, and production of natural gas and crude oil. It holds license interest in Agadem Rift Basin prospective located in the southeast Niger covering an area of approximately 13,655 square kilometers. The company also has an 80% interest in the Uquo field asset; 51% interest in the Stubb Creek oil and gas field; and 80% interest in the Accugas midstream assets located in southeast Nigeria.
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