Savannah Petroleum (LON:SAVP) Shares Pass Above 50 Day Moving Average of $17.65
Shares of Savannah Petroleum PLC (LON:SAVP) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.65 and traded as high as $23.50. Savannah Petroleum shares last traded at $22.95, with a volume of 876,116 shares.
SAVP has been the subject of a number of research reports. Mirabaud Securities reissued a “buy” rating on shares of Savannah Petroleum in a research note on Wednesday, August 28th. Barclays decreased their price target on shares of Savannah Petroleum from GBX 55 ($0.72) to GBX 31 ($0.41) and set an “overweight” rating for the company in a research note on Monday, June 24th. Finally, Shore Capital reissued a “buy” rating on shares of Savannah Petroleum in a research note on Monday, August 19th.
The company has a market capitalization of $201.91 million and a P/E ratio of -7.17. The stock’s 50 day moving average is GBX 17.84 and its 200-day moving average is GBX 20.16. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.64 and a quick ratio of 0.15.
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.
Featured Story: What is a Reverse Stock Split?
Receive News & Ratings for Savannah Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Savannah Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.