Zenith Energy (LON:ZEN) Trading Up 13.3% – Time to Buy?

Zenith Energy Ltd. (LON:ZENGet Free Report) shares were up 13.3% during trading on Thursday . The company traded as high as GBX 5.39 ($0.07) and last traded at GBX 5.38 ($0.07). Approximately 207,076 shares changed hands during trading, a decline of 31% from the average daily volume of 298,326 shares. The stock had previously closed at GBX 4.75 ($0.06).

Zenith Energy Stock Performance

The firm has a fifty day simple moving average of GBX 2.11 and a 200 day simple moving average of GBX 1.73. The company has a current ratio of 0.30, a quick ratio of 0.92 and a debt-to-equity ratio of 83.40. The stock has a market cap of £15.89 million, a price-to-earnings ratio of -65.00 and a beta of 0.97.

Zenith Energy Company Profile

(Get Free Report)

Zenith Energy Ltd., together with its subsidiaries, engages in exploration and development of oil and natural gas in Tunisia, Italy, and the Republic of the Congo. It also engages in the production of oil, gas, and electricity assets in Africa and Europe. The company was formerly known as Canoel International Energy Ltd.

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