Savannah Energy (LON:SAVE) Shares Up 10.3% – Here’s What Happened

Savannah Energy PLC (LON:SAVE)’s stock price shot up 10.3% during trading on Tuesday . The stock traded as high as GBX 8.25 ($0.11) and last traded at GBX 8 ($0.10). 2,149,939 shares changed hands during trading, a decline of 41% from the average session volume of 3,668,990 shares. The stock had previously closed at GBX 7.25 ($0.09).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated an “under review” rating on shares of Savannah Energy in a report on Wednesday, December 4th.

Savannah Energy Price Performance

The company has a debt-to-equity ratio of 228.16, a quick ratio of 0.57 and a current ratio of 0.76. The company has a 50-day moving average price of GBX 18.73 and a 200-day moving average price of GBX 22.37. The firm has a market capitalization of £10.50 billion, a P/E ratio of -5.19 and a beta of 0.86.

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.