Savannah Energy Plc (SAVP.L) (LON:SAVP) Share Price Passes Above 50-Day Moving Average of $8.90

Savannah Energy Plc (SAVP.L) (LON:SAVP – Get Rating) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 8.90 ($0.11) and traded as high as GBX 8.90 ($0.11). Savannah Energy Plc (SAVP.L) shares last traded at GBX 8.90 ($0.11), with a volume of 1,128,348 shares traded.

Savannah Energy Plc (SAVP.L) Trading Up 12.7 %

The business has a fifty day simple moving average of GBX 8.90 and a 200-day simple moving average of GBX 8.90. The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of £88.68 million and a price-to-earnings ratio of -8.09.

About Savannah Energy Plc (SAVP.L)

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Savannah Petroleum Plc, an oil and gas company, engages in the exploration of hydrocarbons in the Republic of Niger. The company's principal assets are the R1/R2 and R3/R4 PSC that cover an area of 13,655 km2 located in the Agadem rift basin in South East Niger. Savannah Petroleum Plc was incorporated in 2014 and is based in London, the United Kingdom.