Savannah Energy PLC (LON:SAVE) Insider Purchases £164,000 in Stock

Savannah Energy PLC (LON:SAVE) insider Andrew Knott purchased 2,050,000 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of GBX 8 ($0.10) per share, for a total transaction of £164,000 ($214,884.70).

Savannah Energy Price Performance

LON:SAVE traded down GBX 0.40 ($0.01) during midday trading on Friday, hitting GBX 7.60 ($0.10). The company had a trading volume of 6,324,486 shares, compared to its average volume of 3,610,461. The stock’s fifty day moving average price is GBX 18.37 and its 200-day moving average price is GBX 22.27. Savannah Energy PLC has a 52-week low of GBX 7 ($0.09) and a 52-week high of GBX 13.60 ($0.18). The company has a quick ratio of 0.57, a current ratio of 0.76 and a debt-to-equity ratio of 228.16. The company has a market capitalization of £9.97 billion, a PE ratio of -4.93 and a beta of 0.86.

About Savannah Energy

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.