Savannah Energy (LON:SAVE) Shares Up 4.4% – Still a Buy?

Savannah Energy PLC (LON:SAVEGet 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

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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 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.

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