Savannah Energy (LON:SAVE) Shares Up 13.3% - Time to Buy?

Savannah Energy PLC (LON:SAVE - Get Free Report)'s share price traded up 13.3% during 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).

Analyst Ratings Changes

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

Savannah Energy Price Performance

The firm has a market capitalization of £11.15 billion, a price-to-earnings ratio of -5.52 and a beta of 0.86. The company's 50 day moving average is GBX 7.01 and its 200-day moving average is GBX 15.80. The company has a current ratio of 0.76, a quick ratio of 0.57 and a debt-to-equity ratio of 228.16.

Insider Transactions at Savannah Energy

In other news, insider Andrew Knott acquired 1,540,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average cost of GBX 6 ($0.08) per share, with a total value of £92,400 ($124,043.50). 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.