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

Savannah Energy logo with Energy background
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Savannah Energy PLC (LON:SAVE - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 7.50 ($0.10) and last traded at GBX 7.50 ($0.10), with a volume of 2122953 shares. The stock had previously closed at GBX 7.70 ($0.10).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated an "under review" rating on shares of Savannah Energy in a research report on Wednesday, December 4th.

Check Out Our Latest Stock Report on SAVE

Savannah Energy Stock Performance

The firm's 50 day moving average is GBX 21.70 and its 200-day moving average is GBX 23.20. The stock has a market capitalization of £10.50 billion, a price-to-earnings ratio of -5.19 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.

About Savannah Energy

(Get Free Report)

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.

Further Reading

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