Savannah Energy (LON:SAVE) Stock Price Up 4.5% – Here’s Why

Savannah Energy PLC (LON:SAVE)’s stock price rose 4.5% during mid-day trading on Monday . The company traded as high as GBX 7.86 and last traded at GBX 7.73. Approximately 957,226 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 1,267,760 shares. The stock had previously closed at GBX 7.40.

Savannah Energy Trading Up 1.4%

The firm has a fifty day moving average of GBX 6.30 and a two-hundred day moving average of GBX 6.91. The company has a market cap of £166.68 million, a PE ratio of 0.98 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.

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.