Savannah Energy (LON:SAVE) Stock Price Down 10.3% – Time to Sell?

Savannah Energy PLC (LON:SAVE)’s share price dropped 10.3% during mid-day trading on Tuesday . The stock traded as low as GBX 5.20 and last traded at GBX 5.20. Approximately 222,296 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 3,798,388 shares. The stock had previously closed at GBX 5.80.

Savannah Energy Stock Performance

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 firm has a market cap of £110.27 million, a PE ratio of 0.65 and a beta of 0.86. The stock’s 50 day moving average price is GBX 6.48 and its 200 day moving average price is GBX 6.92.

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.