Savannah Energy (LON:SAVE) Hits New 1-Year Low – What’s Next?

Shares of Savannah Energy PLC (LON:SAVE) hit a new 52-week low on Tuesday . The company traded as low as GBX 7 ($0.09) and last traded at GBX 7.10 ($0.09), with a volume of 865187 shares changing hands. The stock had previously closed at GBX 7.05 ($0.09).

Savannah Energy Stock 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 stock has a market cap of £9.32 billion, a price-to-earnings ratio of -4.61 and a beta of 0.86. The stock has a fifty day simple moving average of GBX 15.02 and a two-hundred day simple moving average of GBX 21.30.

Insider Buying and Selling at Savannah Energy

In related news, insider Andrew Knott bought 2,050,000 shares of the business’s stock in a transaction on Friday, April 4th. The shares were purchased at an average price of GBX 8 ($0.11) per share, for a total transaction of £164,000 ($216,244.73). Company insiders own 15.77% of the company’s stock.

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.