Savannah Energy (LON:SAVE) Sets New 1-Year High - What's Next?

Savannah Energy PLC (LON:SAVE - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 12.30 ($0.16) and last traded at GBX 12.30 ($0.16), with a volume of 153202125 shares trading hands. The stock had previously closed at GBX 9.95 ($0.13).

Analysts Set New Price Targets

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

Savannah Energy Stock Down 1.9 %

The business's 50 day moving average is GBX 25.32 and its 200-day moving average is GBX 24.11. The company has a debt-to-equity ratio of 228.16, a current ratio of 0.76 and a quick ratio of 0.57. The company has a market cap of £13.52 billion, a PE ratio of -6.68 and a beta of 0.86.

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.