Savannah Energy Plc (SAVP.L) (LON:SAVP) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Savannah Energy Plc (SAVP.L) (LON:SAVP)’s stock price passed above its fifty day moving average during trading on Wednesday . 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 changing hands.

Savannah Energy Plc (SAVP.L) Stock Performance

The company has a debt-to-equity ratio of 8.01, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of £88.68 million and a price-to-earnings ratio of -8.09. The stock’s 50-day moving average is GBX 8.90 and its 200 day moving average is GBX 8.90.

Savannah Energy Plc (SAVP.L) Company Profile

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.