Savannah Energy PLC (LON:SAVE) Insider Andrew Knott Buys 1,540,000 Shares

Savannah Energy PLC (LON:SAVE) insider Andrew Knott bought 1,540,000 shares of the firm’s stock in a transaction on Monday, May 19th. The shares were acquired at an average cost of GBX 6 ($0.08) per share, with a total value of £92,400 ($123,910.42).

Andrew Knott also recently made the following trade(s):

• On Friday, April 4th, Andrew Knott bought 2,050,000 shares of Savannah Energy stock. The shares were acquired at an average cost of GBX 8 ($0.11) per share, with a total value of £164,000 ($219,927.58).

Savannah Energy Price Performance

Shares of SAVE opened at GBX 6.40 ($0.09) on Thursday. The company has a market capitalization of £8.40 billion, a P/E ratio of -4.15 and a beta of 0.86. The company has a quick ratio of 0.57, a current ratio of 0.76 and a debt-to-equity ratio of 228.16. The firm has a 50 day moving average of GBX 7.41 and a 200 day moving average of GBX 18.82. Savannah Energy PLC has a twelve month low of GBX 6.10 ($0.08) and a twelve month high of GBX 13.60 ($0.18).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Savannah Energy in a research note on Monday.

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.