Savannah Energy (LON:SAVE) Reaches New 52-Week Low - Should You Sell?

Savannah Energy PLC (LON:SAVE - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as GBX 5.60 ($0.08) and last traded at GBX 6.94 ($0.10), with a volume of 2999720 shares. The stock had previously closed at GBX 7.50 ($0.10).

Analysts Set New Price Targets

Separately, Shore Capital reissued a "house stock" rating on shares of Savannah Energy in a research report on Monday, May 19th.

Savannah Energy Price Performance

The company has a market cap of £9.45 billion, a P/E ratio of -4.67 and a beta of 0.86. The company has a fifty day moving average price of GBX 7.05 and a two-hundred day moving average price of GBX 14.91. The company has a debt-to-equity ratio of 228.16, a quick ratio of 0.57 and a current ratio of 0.76.

Insider Buying and Selling

In related news, insider Andrew Knott purchased 2,050,000 shares of the firm's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of GBX 8 ($0.11) per share, for a total transaction of £164,000 ($225,367.60). Company insiders own 15.77% of the company's stock.

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.