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

Savannah Energy Plc (SAVP.L) (LON:SAVP)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 8.90 ($0.12) and traded as high as GBX 8.90 ($0.12). Savannah Energy Plc (SAVP.L) shares last traded at GBX 8.90 ($0.12), with a volume of 1,128,348 shares traded.

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

The company has a market cap of £88.68 million and a price-to-earnings ratio of -8.09. The business’s 50 day moving average price is GBX 8.90 and its 200-day moving average price is 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.

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.