Savannah Energy PLC (LON:SAVE - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 6.70 ($0.09) and last traded at GBX 7.10 ($0.09), with a volume of 452720 shares trading hands. The stock had previously closed at GBX 7.20 ($0.10).
Analyst Ratings Changes
Separately, Shore Capital reiterated a "house stock" rating on shares of Savannah Energy in a report on Monday.
Read Our Latest Research Report on Savannah Energy
Savannah Energy Stock Performance
The stock has a 50 day simple moving average of GBX 7.52 and a two-hundred day simple moving average of GBX 19.13. The company has a market capitalization of £8.40 billion, a price-to-earnings ratio of -4.15 and a beta of 0.86. 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 at Savannah Energy
In related news, insider Andrew Knott bought 2,050,000 shares of the firm's stock in a transaction on Friday, April 4th. The shares were purchased at an average price of GBX 8 ($0.11) per share, with a total value of £164,000 ($218,085.11). Company insiders own 15.77% of the company's stock.
Savannah Energy Company Profile
(
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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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