Insider Selling: Savannah Energy (LON:SAVE) Insider Sells 1,500,000 Shares of Stock

Savannah Energy PLC (LON:SAVE) insider Marco Iannotti sold 1,500,000 shares of the stock in a transaction on Thursday, January 8th. The shares were sold at an average price of GBX 8, for a total value of £120,000.

Savannah Energy Stock Performance

Shares of SAVE traded down GBX 0.10 during trading hours on Friday, hitting GBX 8.35. The stock had a trading volume of 459,177 shares, compared to its average volume of 4,837,783. Savannah Energy PLC has a 12 month low of GBX 4.73 and a 12 month high of GBX 13.60. The stock has a fifty day moving average price of GBX 6.36 and a 200 day moving average price of GBX 6.94. The company has a debt-to-equity ratio of 228.16, a current ratio of 0.76 and a quick ratio of 0.57. The firm has a market capitalization of £177.07 million, a PE ratio of 1.04 and a beta of 0.86.

About Savannah Energy

Savannah Energy PLC is a British independent energy company focused around the delivery of Projects that Matter in Africa. We are active in both hydrocarbon and power projects.

With over 200 MMboe of hydrocarbon resources in Nigeria and Niger, and a Reserves and Resources life of over 26 years, Savannah aspires to play a long-term role in supplying the energy Africa needs. In Nigeria, Savannah has a significant controlling interest in a large-scale integrated gas production and distribution business which is capable of supplying gas to enable approximately 17% of Nigeria’s available thermal power generation capacity.