Zephyr Energy (LON:ZPHR) Trading 8.3% Higher – Here’s What Happened

Zephyr Energy plc (LON:ZPHR) traded up 8.3% during trading on Tuesday . The company traded as high as GBX 3.30 ($0.04) and last traded at GBX 3.25 ($0.04). 764,794 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 4,069,414 shares. The stock had previously closed at GBX 3 ($0.04).

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 13 ($0.16) target price on shares of Zephyr Energy in a research note on Wednesday, December 4th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 13 ($0.16) price objective on shares of Zephyr Energy in a research report on Wednesday, December 4th.

Zephyr Energy Trading Up 8.3 %

The company has a quick ratio of 0.87, a current ratio of 0.45 and a debt-to-equity ratio of 42.73. The firm has a market cap of £56.88 million, a P/E ratio of 278.00 and a beta of 0.77. The firm’s 50-day simple moving average is GBX 2.96 and its 200 day simple moving average is GBX 3.77.

About Zephyr Energy

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) is a technology-led oil and gas company focused on responsible resource development from carbon-neutral operations in the Rocky Mountain region of the United States. The Company’s mission is rooted in two core values: to be responsible stewards of its investors’ capital, and to be responsible stewards of the environment in which it works.

Zephyr’s flagship asset is an operated 46,000-acre leaseholding located in the Paradox Basin, Utah, 25,000 acres of which has been assessed to hold, net to Zephyr, 2P reserves of 2.6 million barrels of oil equivalent (“mmboe”), 2C resources of 34 mmboe and 2U resources 270 mmboe.

In addition to its operated assets, the Company owns working interests in a broad portfolio of non-operated producing wells across the Williston Basin in North Dakota and Montana.