Savannah Energy (LON:SAVE) Shares Up 17.6% - Still a Buy?

Savannah Energy PLC (LON:SAVE - Get Free Report) shares rose 17.6% during mid-day trading on Thursday . The stock traded as high as GBX 13.60 ($0.18) and last traded at GBX 11.70 ($0.15). Approximately 12,266,748 shares traded hands during trading, an increase of 217% from the average daily volume of 3,875,443 shares. 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 Trading Down 1.9 %

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 has a 50 day simple moving average of GBX 25.32 and a 200-day simple moving average of GBX 24.11. The firm has a market cap of £13.52 billion, a P/E ratio of -6.68 and a beta of 0.86.

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.