Savannah Energy (LON:SAVE) Stock Price Up 3% – Still a Buy?

Savannah Energy PLC (LON:SAVE) shares traded up 3% on Monday . The company traded as high as GBX 7.90 and last traded at GBX 7.62. 1,784,234 shares were traded during mid-day trading, an increase of 6% from the average session volume of 1,681,264 shares. The stock had previously closed at GBX 7.40.

Savannah Energy Stock Performance

The firm has a market capitalization of £161.59 million, a price-to-earnings ratio of 0.95 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. The stock’s 50-day moving average is GBX 6.28 and its 200-day moving average is GBX 6.93.

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 power projects.

With over 200 MMboe of hydrocarbon resources in Nigeria and Niger, and a Reserves and Resources life of over 26 years, Savannah aspires to play a long-term role in supplying the energy Africa needs. 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 17% of Nigeria’s available thermal power generation capacity.