Savannah Energy (LON:SAVE) Reaches New 12-Month Low - Here's Why

Savannah Energy PLC (LON:SAVE - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 7.25 ($0.09) and last traded at GBX 7.50 ($0.10), with a volume of 3036385 shares trading hands. The stock had previously closed at GBX 7.85 ($0.10).

Wall Street Analysts Forecast Growth

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

Savannah Energy Price Performance

The stock has a market capitalization of £9.51 billion, a P/E ratio of -4.70 and a beta of 0.86. 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 stock's 50 day simple moving average is GBX 19.85 and its 200 day simple moving average is GBX 22.74.

Savannah Energy Company Profile

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.