Savannah Petroleum (LON:SAVP) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 26.10 ($0.37) and last traded at GBX 27.75 ($0.40), with a volume of 675625 shares changing hands. The stock had previously closed at GBX 26.90 ($0.39).
Separately, Shore Capital reissued an “under review” rating on shares of Savannah Petroleum in a research note on Wednesday, February 7th.
About Savannah Petroleum
Savannah Petroleum PLC, an oil and gas company, engages in the exploration of hydrocarbons in the Republic of Niger. Its principal assets are the R1/R2 and R3/R4 production sharing contracts that cover an area of 13,655 square kilometers located in the Agadem rift basin of South East Niger. The company was incorporated in 2014 and is based in London, the United Kingdom.
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