Savannah Energy PLC (LON:SAVE – Get Free Report) shot up 4.4% during trading on Monday . The company traded as high as GBX 7.83 and last traded at GBX 7.73. 821,930 shares changed hands during trading, a decline of 32% from the average session volume of 1,200,113 shares. The stock had previously closed at GBX 7.40.
Savannah Energy Stock Up 4.9%
The business has a fifty day moving average price of GBX 6.28 and a two-hundred day moving average price of GBX 6.93. The company has a current ratio of 0.76, a quick ratio of 0.57 and a debt-to-equity ratio of 228.16. The company has a market cap of £164.63 million, a price-to-earnings ratio of 0.97 and a beta of 0.86.
About Savannah Energy
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.
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