Savannah Energy (LON:SAVE) Stock Price Up 1.8% – Time to Buy?

Savannah Energy PLC (LON:SAVE)’s stock price rose 1.8% on Monday . The company traded as high as GBX 9.42 and last traded at GBX 8.75. Approximately 1,021,705 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 2,937,715 shares. The stock had previously closed at GBX 8.60.

Savannah Energy Stock Performance

The company has a debt-to-equity ratio of 163.70, a quick ratio of 0.57 and a current ratio of 1.12. The stock has a market cap of £182.75 million, a P/E ratio of 1.09 and a beta of 0.15. The firm’s 50 day moving average is GBX 8.21 and its 200 day moving average is GBX 7.23.

Insider Transactions at Savannah Energy

In other Savannah Energy news, insider Marco Iannotti sold 1,500,000 shares of Savannah Energy stock in a transaction on Thursday, January 8th. The shares were sold at an average price of GBX 8, for a total value of £120,000. Corporate insiders own 15.07% of the company’s stock.

About Savannah Energy

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.