Zenith Energy (LON:ZEN) Trading Up 13.3% – What’s Next?

Zenith Energy Ltd. (LON:ZEN)’s stock price shot up 13.3% during mid-day trading on Thursday . The stock traded as high as GBX 5.39 ($0.07) and last traded at GBX 5.38 ($0.07). 207,076 shares traded hands during trading, a decline of 31% from the average session volume of 298,326 shares. The stock had previously closed at GBX 4.75 ($0.06).

Zenith Energy Trading Down 4.1 %

The business has a 50-day moving average price of GBX 2.11 and a two-hundred day moving average price of GBX 1.73. The company has a market cap of £15.89 million, a P/E ratio of -65.00 and a beta of 0.97. The company has a quick ratio of 0.92, a current ratio of 0.30 and a debt-to-equity ratio of 83.40.

Zenith Energy Company Profile

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.