Savannah Energy Plc (SAVP.L) (LON:SAVP) Stock Passes Above 50 Day Moving Average – Time to Sell?

Savannah Energy Plc (SAVP.L) (LON:SAVP) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 8.90 ($0.11) and traded as high as GBX 8.90 ($0.11). Savannah Energy Plc (SAVP.L) shares last traded at GBX 8.90 ($0.11), with a volume of 1,128,348 shares changing hands.

Savannah Energy Plc (SAVP.L) Trading Up 12.7 %

The business’s 50-day simple moving average is GBX 8.90 and its two-hundred day simple moving average is GBX 8.90. The firm has a market capitalization of £88.68 million and a price-to-earnings ratio of -8.09. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 8.01.

About Savannah Energy Plc (SAVP.L)

Savannah Petroleum Plc, an oil and gas company, engages in the exploration of hydrocarbons in the Republic of Niger. The company's principal assets are the R1/R2 and R3/R4 PSC that cover an area of 13,655 km2 located in the Agadem rift basin in South East Niger. Savannah Petroleum Plc was incorporated in 2014 and is based in London, the United Kingdom.