Savannah Energy (LON:SAVE) Shares Down 11.1% – Here’s What Happened

Savannah Energy PLC (LON:SAVE)’s share price traded down 11.1% during mid-day trading on Tuesday . The company traded as low as GBX 9.15 ($0.12) and last traded at GBX 9.20 ($0.12). 3,031,060 shares traded hands during trading, a decline of 57% from the average session volume of 7,077,480 shares. The stock had previously closed at GBX 10.35 ($0.13).

Wall Street Analyst Weigh In

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

Savannah Energy Price Performance

The firm’s fifty day moving average price is GBX 24.27 and its 200 day moving average price is GBX 23.74. The firm has a market capitalization of £10.83 billion, a PE ratio of -5.35 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.

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.