Savannah Energy Plc (SAVP.L) (LON:SAVP) Stock Crosses Below 200-Day Moving Average – Here’s Why

Savannah Energy Plc (SAVP.L) (LON:SAVP)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 8.90 ($0.11) and traded as low as GBX 7.88 ($0.10). Savannah Energy Plc (SAVP.L) shares last traded at GBX 8.90 ($0.11), with a volume of 1,128,348 shares trading hands.

Savannah Energy Plc (SAVP.L) Price 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’s 50 day moving average price is GBX 8.90 and its two-hundred day moving average price is GBX 8.90. The firm has a market capitalization of £88.68 million and a price-to-earnings ratio of -8.09.

About Savannah Energy Plc (SAVP.L)

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.