Savannah Energy PLC (LON:SAVE – Get Free Report) was down 2.1% during trading on Wednesday . The company traded as low as GBX 6.64 and last traded at GBX 6.85. Approximately 1,190,276 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 2,077,272 shares. The stock had previously closed at GBX 7.
Savannah Energy Price Performance
The company has a debt-to-equity ratio of 163.70, a quick ratio of 0.57 and a current ratio of 1.12. The stock’s 50-day moving average is GBX 7.27 and its 200 day moving average is GBX 7.44. The stock has a market capitalization of £143.07 million, a PE ratio of 0.86 and a beta of 0.30.
About Savannah Energy
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.
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