Savannah Energy PLC (LON:SAVE) Insider Andrew Knott Buys 1,540,000 Shares

Savannah Energy PLC (LON:SAVE) insider Andrew Knott purchased 1,540,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average price of GBX 6 ($0.08) per share, for a total transaction of £92,400 ($122,872.34).

Andrew Knott also recently made the following trade(s):

• On Friday, April 4th, Andrew Knott purchased 2,050,000 shares of Savannah Energy stock. The shares were purchased at an average cost of GBX 8 ($0.11) per share, with a total value of £164,000 ($218,085.11).

Savannah Energy Trading Down 2.3%

Shares of LON SAVE traded down GBX 0.15 ($0.00) on Monday, reaching GBX 6.40 ($0.09). 2,106,400 shares of the company traded hands, compared to its average volume of 2,351,771. Savannah Energy PLC has a fifty-two week low of GBX 6.30 ($0.08) and a fifty-two week high of GBX 13.60 ($0.18). The company has a 50 day moving average of GBX 7.52 and a 200 day moving average of GBX 19.13. The company has a current ratio of 0.76, a quick ratio of 0.57 and a debt-to-equity ratio of 228.16. The stock has a market capitalization of £8.40 billion, a PE ratio of -4.15 and a beta of 0.86.

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of Savannah Energy in a research note on Monday.

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 renewable energy projects.

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 20% of Nigeria’s thermal power generation capacity.