Free Trial

Savannah Energy (LON:SAVE) Trading 0.7% Higher - Should You Buy?

Savannah Energy logo with Energy background
Image from MarketBeat Media, LLC.

Key Points

  • Shares rose 0.7% to GBX 7.70 (intraday high GBX 7.77) on Tuesday, while trading volume was 784,994 shares—about 65% below the average session volume.
  • The stock has a market cap of £160.82m and a very low P/E of 0.96, trading below its 50‑day moving average (GBX 8.37) but slightly above its 200‑day moving average (GBX 7.37).
  • Savannah is an Africa‑focused energy firm with over 200 MMboe of resources and assets able to supply roughly 17% of Nigeria’s thermal power capacity, but it carries high leverage (debt‑to‑equity 163.70) and a weak quick ratio (0.57).
  • MarketBeat previews the top five stocks to own by May 1st.

Savannah Energy PLC (LON:SAVE - Get Free Report)'s share price shot up 0.7% on Tuesday . The stock traded as high as GBX 7.77 and last traded at GBX 7.70. 784,994 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 2,250,792 shares. The stock had previously closed at GBX 7.65.

Savannah Energy Stock Up 0.7%

The company has a market cap of £160.82 million, a price-to-earnings ratio of 0.96 and a beta of 0.34. The business has a fifty day moving average of GBX 8.37 and a two-hundred day moving average of GBX 7.37. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 163.70.

About Savannah Energy

(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 power projects. With over 200 MMboe of hydrocarbon resources in Nigeria and Niger, and a Reserves and Resources life of over 26 years, Savannah aspires to play a long-term role in supplying the energy Africa needs. 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 17% of Nigeria's available 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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Savannah Energy Right Now?

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

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines