Savannah Energy (LON:SAVE) Stock Price Up 1.4% – Here’s What Happened

Shares of Savannah Energy PLC (LON:SAVE) traded up 1.4% during trading on Friday . The company traded as high as GBX 7.50 and last traded at GBX 7.20. 593,672 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 2,374,321 shares. The stock had previously closed at GBX 7.10.

Savannah Energy Trading Up 1.4%

The company has a market capitalization of £152.69 million, a price-to-earnings ratio of 0.90 and a beta of 0.86. The company has a debt-to-equity ratio of 228.16, a quick ratio of 0.57 and a current ratio of 0.76. The business’s 50-day simple moving average is GBX 6.81 and its 200-day simple moving average is GBX 6.94.

Insiders Place Their Bets

In other Savannah Energy news, insider Marco Iannotti sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of GBX 8, for a total value of £120,000. 13.71% of the stock is owned by corporate insiders.

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.