Savannah Energy (LON:SAVE) Sets New 52-Week Low – Time to Sell?

Savannah Energy PLC (LON:SAVE)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 7 ($0.09) and last traded at GBX 7.10 ($0.09), with a volume of 865187 shares. The stock had previously closed at GBX 7.05 ($0.09).

Savannah Energy Price Performance

The company has a 50-day moving average price of GBX 15.02 and a 200-day moving average price of GBX 21.30. The firm has a market capitalization of £9.32 billion, a P/E ratio of -4.61 and a beta of 0.86. The company has a debt-to-equity ratio of 228.16, a quick ratio of 0.57 and a current ratio of 0.76.

Insider Transactions at Savannah Energy

In other Savannah Energy news, insider Andrew Knott bought 2,050,000 shares of the stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of GBX 8 ($0.11) per share, with a total value of £164,000 ($216,244.73). Insiders own 15.77% 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 renewable energy projects.

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 20% of Nigeria’s thermal power generation capacity.