Savannah Energy (LON:SAVE) Shares Down 2.8% - Should You Sell?

Key Points

• Savannah Energy's shares fell by 2.8% to GBX 7 ($0.09), with trading volume down significantly at 1,294 shares compared to an average of over 3 million shares.
• The company has a debt-to-equity ratio of 228.16, highlighting potential financial strain, along with a low current ratio of 0.76 and a quick ratio of 0.57.
• Shore Capital reaffirmed a "house stock" rating for Savannah Energy, suggesting investor confidence despite current stock performance.

Savannah Energy PLC (LON:SAVE - Get Free Report) shares traded down 2.8% during mid-day trading on Thursday . The company traded as low as GBX 7 ($0.09) and last traded at GBX 7 ($0.09). 1,294 shares traded hands during trading, a decline of 100% from the average session volume of 3,057,034 shares. The stock had previously closed at GBX 7.20 ($0.10).

Analyst Ratings Changes

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

Savannah Energy Stock Up 2.9%

The stock has a 50-day moving average of GBX 7.28 and a 200-day moving average of GBX 9.22. The company has a market cap of £116.40 million, a PE ratio of 3.01 and a beta of 0.86. The company has a quick ratio of 0.57, a current ratio of 0.76 and a debt-to-equity ratio of 228.16.

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.