Shares of Savannah Energy PLC (LON:SAVE - Get Free Report) dropped 11.1% during mid-day trading on Tuesday . The company traded as low as GBX 9.15 ($0.12) and last traded at GBX 9.20 ($0.12). Approximately 3,031,060 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 7,077,480 shares. The stock had previously closed at GBX 10.35 ($0.13).
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed an "under review" rating on shares of Savannah Energy in a research report on Wednesday, December 4th.
View Our Latest Research Report on SAVE
Savannah Energy Price Performance
The company has a debt-to-equity ratio of 228.16, a quick ratio of 0.57 and a current ratio of 0.76. The firm has a market cap of £10.50 billion, a price-to-earnings ratio of -5.19 and a beta of 0.86. The firm has a 50-day moving average price of GBX 23.91 and a two-hundred day moving average price of GBX 23.63.
Savannah Energy Company Profile
(
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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.
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