Savannah Energy Plc (SAVP.L) (LON:SAVP) Stock Passes Above 50 Day Moving Average – Time to Sell?

Savannah Energy Plc (SAVP.L) (LON:SAVP) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 8.90 ($0.11) and traded as high as GBX 8.90 ($0.11). Savannah Energy Plc (SAVP.L) shares last traded at GBX 8.90 ($0.11), with a volume of 1,128,348 shares.

Savannah Energy Plc (SAVP.L) Stock Performance

The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50-day moving average price is GBX 8.90 and its two-hundred day moving average price is GBX 8.90. The stock has a market cap of £88.68 million and a price-to-earnings ratio of -8.09.

About Savannah Energy Plc (SAVP.L)

Savannah Petroleum Plc, an oil and gas company, engages in the exploration of hydrocarbons in the Republic of Niger. The company's principal assets are the R1/R2 and R3/R4 PSC that cover an area of 13,655 km2 located in the Agadem rift basin in South East Niger. Savannah Petroleum Plc was incorporated in 2014 and is based in London, the United Kingdom.