Savannah Energy (LON:SAVE) Trading 3% Higher – Here’s What Happened

Savannah Energy PLC (LON:SAVE)’s stock price traded up 3% during mid-day trading on Monday . The stock traded as high as GBX 7.90 and last traded at GBX 7.62. 1,784,234 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 1,681,264 shares. The stock had previously closed at GBX 7.40.

Savannah Energy Stock Up 1.9%

The company has a quick ratio of 0.57, a current ratio of 0.76 and a debt-to-equity ratio of 228.16. The firm has a 50 day simple moving average of GBX 6.30 and a 200-day simple moving average of GBX 6.91. The stock has a market cap of £167.53 million, a P/E ratio of 0.99 and a beta of 0.86.

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.