Savannah Energy (LON:SAVE) Stock Price Down 64.3%

Savannah Energy PLC (LON:SAVE) dropped 64.3% on Friday . The company traded as low as GBX 10 ($0.13) and last traded at GBX 10 ($0.13). Approximately 3,000,000 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 3,875,443 shares. The stock had previously closed at GBX 28 ($0.37).

Analysts Set New Price Targets

Separately, Shore Capital restated an “under review” rating on shares of Savannah Energy in a research report on Monday, June 17th.

Savannah Energy Price Performance

The company has a market capitalization of £343.88 million, a P/E ratio of -525.00 and a beta of 0.86. The company has a current ratio of 0.76, a quick ratio of 0.57 and a debt-to-equity ratio of 221.97. The stock’s fifty day moving average is GBX 23.32 and its 200 day moving average is GBX 24.58.

Savannah Energy Company Profile

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.