Savannah Energy (LON:SAVE) Stock Price Down 9.1% – What’s Next?

Savannah Energy PLC (LON:SAVE)’s share price dropped 9.1% during mid-day trading on Monday . The company traded as low as GBX 9 and last traded at GBX 9. Approximately 1,068,353 shares changed hands during trading, a decline of 70% from the average daily volume of 3,577,042 shares. The stock had previously closed at GBX 9.90.

Savannah Energy Stock Down 9.1%

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 firm’s 50 day moving average price is GBX 7.43 and its two-hundred day moving average price is GBX 7. The company has a market cap of £190.86 million, a P/E ratio of 1.12 and a beta of 0.86.

Insiders Place Their Bets

In other Savannah Energy news, insider Marco Iannotti sold 1,500,000 shares of Savannah Energy stock in a transaction on Thursday, January 8th. The shares were sold at an average price of GBX 8, for a total value of £120,000. Company insiders own 14.84% of the company’s stock.

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 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.