Savannah Energy (LON:SAVE) Reaches New 52-Week Low – Here’s What Happened

Shares of Savannah Energy PLC (LON:SAVE) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 6.97 ($0.09) and last traded at GBX 7.40 ($0.10), with a volume of 1167698 shares. The stock had previously closed at GBX 7.30 ($0.10).

Savannah Energy Stock 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 company has a market capitalization of £9.84 billion, a PE ratio of -4.87 and a beta of 0.86. The firm’s 50-day simple moving average is GBX 11.26 and its 200-day simple moving average is GBX 20.21.

Insiders Place Their Bets

In other Savannah Energy news, insider Andrew Knott purchased 2,050,000 shares of the stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of GBX 8 ($0.11) per share, with a total value of £164,000 ($220,341.26). Insiders own 15.77% of the company’s stock.

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 renewable energy projects.

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 20% of Nigeria’s thermal power generation capacity.