Savannah Energy (LON:SAVE) Hits New 52-Week Low – Here’s What Happened

Savannah Energy PLC (LON:SAVE) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 6.70 ($0.09) and last traded at GBX 7.10 ($0.09), with a volume of 452720 shares. The stock had previously closed at GBX 7.20 ($0.10).

Savannah Energy Stock Up 12.0%

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 company has a market cap of £10.43 billion, a price-to-earnings ratio of -5.16 and a beta of 0.86. The firm’s fifty day simple moving average is GBX 7.67 and its 200 day simple moving average is GBX 19.48.

Insiders Place Their Bets

In related news, insider Andrew Knott bought 2,050,000 shares of the stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of GBX 8 ($0.11) per share, for a total transaction of £164,000 ($218,259.25). 15.77% of the stock is currently owned by company insiders.

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.