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

Savannah Energy PLC (LON:SAVE) shares hit a new 52-week low 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 trading hands. The stock had previously closed at GBX 7.70 ($0.10).

Analysts Set New Price Targets

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

Savannah Energy Stock Performance

The company has a market cap of £10.10 billion, a price-to-earnings ratio of -5.00 and a beta of 0.86. The stock’s fifty day simple moving average is GBX 23.17 and its two-hundred day simple moving average is GBX 23.68. The company has a debt-to-equity ratio of 228.16, a quick ratio of 0.57 and a current ratio of 0.76.

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.