Savannah Energy (LON:SAVE) Trading 10.3% Higher – What’s Next?

Savannah Energy PLC (LON:SAVE) 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).

Analyst Upgrades and Downgrades

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

Savannah Energy Stock Up 10.3 %

The stock has a market capitalization of £10.50 billion, a P/E ratio of -5.19 and a beta of 0.86. The business has a 50-day simple moving average of GBX 19.47 and a two-hundred day simple moving average of GBX 22.60. The company has a quick ratio of 0.57, a current ratio of 0.76 and a debt-to-equity ratio of 228.16.

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.