Savannah Energy PLC (LON:SAVE - Get Free Report) shares fell 7.8% during trading on Friday . The company traded as low as GBX 6.60 ($0.09) and last traded at GBX 7.33 ($0.10). 315,689 shares were traded during trading, a decline of 89% from the average session volume of 2,935,005 shares. The stock had previously closed at GBX 7.95 ($0.11).
Analyst Ratings Changes
Separately, Shore Capital reiterated a "house stock" rating on shares of Savannah Energy in a report on Monday, May 19th.
Read Our Latest Analysis on Savannah Energy
Savannah Energy Trading Down 11.9%
The company has a quick ratio of 0.57, a current ratio of 0.76 and a debt-to-equity ratio of 228.16. The firm's fifty day moving average is GBX 7.03 and its two-hundred day moving average is GBX 16.65. The firm has a market cap of £9.19 billion, a P/E ratio of -4.54 and a beta of 0.86.
Insider Transactions at Savannah Energy
In other news, insider Andrew Knott acquired 1,540,000 shares of the stock in a transaction on Monday, May 19th. The stock was acquired at an average price of GBX 6 ($0.08) per share, with a total value of £92,400 ($125,373.13). Corporate 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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