Savannah Energy PLC (LON:SAVE – Get Free Report)’s share price dropped 64.3% during trading on Wednesday . The stock traded as low as GBX 10 ($0.12) and last traded at GBX 10 ($0.12). Approximately 3,000,000 shares traded hands during trading, a decline of 23% from the average daily volume of 3,875,443 shares. The stock had previously closed at GBX 28 ($0.35).
Savannah Energy Stock Performance
The stock has a market cap of £343.88 million, a PE ratio of -525.00 and a beta of 0.68. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 199.48. The firm has a 50 day moving average price of GBX 25.69 and a 200 day moving average price of GBX 26.06.
About Savannah Energy
Savannah Energy PLC, together with its subsidiaries, engages in the exploration, development, and production of natural gas and crude oil. It holds license interest in Agadem Rift Basin prospective located in the southeast Niger covering an area of approximately 13,655 square kilometers. The company also has an 80% interest in the Uquo field asset; 51% interest in the Stubb Creek oil and gas field; and 80% interest in the Accugas midstream assets located in southeast Nigeria.
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