Shares of Savannah Energy PLC (LON:SAVE - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 6.30 ($0.08) and last traded at GBX 6.40 ($0.09), with a volume of 2106400 shares. The stock had previously closed at GBX 6.55 ($0.09).
Wall Street Analysts Forecast Growth
Separately, Shore Capital reaffirmed a "house stock" rating on shares of Savannah Energy in a research report on Monday.
Get Our Latest Research Report on SAVE
Savannah Energy Stock Performance
The company has a market capitalization of £8.76 billion, a P/E ratio of -4.33 and a beta of 0.86. The stock has a fifty day simple moving average of GBX 7.48 and a 200-day simple moving average of GBX 19. The company has a quick ratio of 0.57, a current ratio of 0.76 and a debt-to-equity ratio of 228.16.
Insider Buying and Selling at Savannah Energy
In other Savannah Energy news, insider Andrew Knott purchased 1,540,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average cost of GBX 6 ($0.08) per share, with a total value of £92,400 ($123,413.92). Company insiders own 15.77% of the company's stock.
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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