Savannah Energy PLC (LON:SAVE - Get Free Report) traded up 13.3% during mid-day trading on Thursday . The company traded as high as GBX 8 ($0.11) and last traded at GBX 7.36 ($0.10). 1,820,264 shares were traded during trading, a decline of 36% from the average session volume of 2,840,765 shares. The stock had previously closed at GBX 6.50 ($0.09).
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a "house stock" rating on shares of Savannah Energy in a report on Monday, May 19th.
View Our Latest Stock Analysis on SAVE
Savannah Energy Stock Performance
The company has a debt-to-equity ratio of 228.16, a quick ratio of 0.57 and a current ratio of 0.76. The firm has a market capitalization of £10.24 billion, a PE ratio of -5.06 and a beta of 0.86. The firm's 50 day moving average price is GBX 6.96 and its 200-day moving average price is GBX 16.12.
Insider Buying and Selling
In related news, insider Andrew Knott purchased 1,540,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average cost of GBX 6 ($0.08) per share, with a total value of £92,400 ($123,993.56). 15.77% of the stock is currently owned by insiders.
Savannah Energy Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Savannah Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Savannah Energy wasn't on the list.
While Savannah Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
