Marco Iannotti Sells 1,500,000 Shares of Savannah Energy (LON:SAVE) Stock

Key Points

  • Insider sale: Marco Iannotti sold 1,500,000 shares of Savannah Energy on January 8 at GBX 8 per share, valuing the transaction at £120,000.
  • Valuation and leverage: The stock has a market cap of £177.67M and a very low PE of 1.05 but carries a high debt-to-equity ratio of 228.16, highlighting significant leverage risk.
  • Business profile: Savannah is a British independent energy company with over 200 MMboe of resources in Nigeria and Niger and a gas business capable of supplying roughly 17% of Nigeria’s available thermal power generation capacity.

Savannah Energy PLC (LON:SAVE - Get Free Report) insider Marco Iannotti sold 1,500,000 shares of the firm's stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of GBX 8, for a total value of £120,000.

Savannah Energy Stock Performance

Shares of SAVE stock opened at GBX 8.38 on Friday. The stock has a market cap of £177.67 million, a PE ratio of 1.05 and a beta of 0.86. The stock has a 50-day moving average of GBX 6.38 and a 200-day moving average of GBX 6.93. The company has a debt-to-equity ratio of 228.16, a current ratio of 0.76 and a quick ratio of 0.57. Savannah Energy PLC has a one year low of GBX 4.73 and a one year high of GBX 13.60.

Savannah Energy Company Profile

(Get Free Report)

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.

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