Savannah Energy (LON:SAVE) Hits New 1-Year Low – Here’s What Happened

Savannah Energy PLC (LON:SAVE)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 7.50 ($0.10) and last traded at GBX 7.50 ($0.10), with a volume of 2122953 shares changing hands. The stock had previously closed at GBX 7.70 ($0.10).

Analyst Ratings Changes

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

Savannah Energy Price Performance

The firm’s 50-day moving average price is GBX 23.17 and its 200 day moving average price is GBX 23.68. The firm has a market capitalization of £10.10 billion, a price-to-earnings ratio of -5.00 and a beta of 0.86. The company has a debt-to-equity ratio of 228.16, a current ratio of 0.76 and a quick ratio of 0.57.

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.