Savannah Energy (LON:SAVE) Shares Down 9.7% – What’s Next?

Savannah Energy PLC (LON:SAVE)’s share price dropped 9.7% on Tuesday . The stock traded as low as GBX 5.42 and last traded at GBX 5.51. Approximately 8,691,931 shares changed hands during mid-day trading, an increase of 328% from the average daily volume of 2,031,032 shares. The stock had previously closed at GBX 6.10.

Savannah Energy Price Performance

The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 163.70. The stock has a 50 day simple moving average of GBX 6.93 and a 200-day simple moving average of GBX 7.52. The firm has a market cap of £115.08 million, a PE ratio of 0.69 and a beta of 0.29.

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.