Savannah Energy (LON:SAVE) Trading 1.4% Higher – Here’s What Happened

Savannah Energy PLC (LON:SAVE)’s stock price shot up 1.4% during trading on Friday . The company traded as high as GBX 7.50 and last traded at GBX 7.20. 593,672 shares traded hands during trading, a decline of 75% from the average session volume of 2,374,321 shares. The stock had previously closed at GBX 7.10.

Savannah Energy Stock Up 1.4%

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 £152.69 million, a price-to-earnings ratio of 0.90 and a beta of 0.86. The firm’s 50 day simple moving average is GBX 6.81 and its two-hundred day simple moving average is GBX 6.94.

Insider Activity

In other Savannah Energy news, insider Marco Iannotti sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of GBX 8, for a total transaction of £120,000. Company insiders own 13.71% 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.