Zenith Energy (LON:ZEN) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Zenith Energy Ltd. (LON:ZEN)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 8.23 ($0.11) and traded as low as GBX 7.50 ($0.10). Zenith Energy shares last traded at GBX 7.53 ($0.10), with a volume of 1,266,686 shares traded.

Zenith Energy Stock Performance

The firm has a market cap of £64.70 million, a PE ratio of -1.09 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. The company has a 50-day simple moving average of GBX 8.23 and a two-hundred day simple moving average of GBX 4.33.

Zenith Energy Company Profile

Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in Tunisia, Italy and the Republic of Congo.

The Company is listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA).