Shares of Savannah Energy PLC (LON:SAVE - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as GBX 6.05 ($0.08) and last traded at GBX 6.42 ($0.09), with a volume of 218587 shares trading hands. The stock had previously closed at GBX 6.60 ($0.09).
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a "house stock" rating on shares of Savannah Energy in a report on Monday, May 19th.
Read Our Latest Research Report on Savannah Energy
Savannah Energy Stock Performance
The stock has a market capitalization of £8.79 billion, a price-to-earnings ratio of -4.35 and a beta of 0.86. The firm has a fifty day moving average of GBX 7.20 and a 200 day moving average of GBX 17.86. The company has a debt-to-equity ratio of 228.16, a current ratio of 0.76 and a quick ratio of 0.57.
Insider Buying and Selling
In other Savannah Energy news, insider Andrew Knott purchased 1,540,000 shares of the stock in a transaction on Monday, May 19th. The shares were bought at an average price of GBX 6 ($0.08) per share, for a total transaction of £92,400 ($124,327.23). 15.77% of the stock is owned by corporate insiders.
About Savannah Energy
(
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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.
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