Savannah Energy PLC (LON:SAVE - Get Free Report)'s share price traded up 10.3% during mid-day trading on Tuesday . The company traded as high as GBX 8.25 ($0.11) and last traded at GBX 8 ($0.10). 2,149,939 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 3,668,990 shares. The stock had previously closed at GBX 7.25 ($0.09).
Savannah Energy Trading Down 5.0 %
The stock's 50 day moving average is GBX 18 and its 200-day moving average is GBX 22.23. The company has a market cap of £9.97 billion, a P/E ratio of -4.93 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.
Insider Transactions at Savannah Energy
In related news, insider Andrew Knott purchased 2,050,000 shares of Savannah Energy stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of GBX 8 ($0.10) per share, for a total transaction of £164,000 ($211,476.47). Insiders own 15.77% of the company's stock.
About Savannah Energy
(
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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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