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Savanna Energy Services drops 2.4% on high volatility February 06, 2017 17:00 EST

Feb 06, 2017 - News Bites Canadian Markets


Savanna Energy Services Corp. (TSX:SVY), Canada's 4th largest Oil & gas - drilling company by market cap, traded between an intraday low of CAD2.01 and a high of CAD2.13, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 5.5% places the stock in the 2nd quartile in the market, meaning it is the moderately volatile. Today its volatility (highest price minus lowest price/lowest price) of 6.0% was 1.1 times the average dail...