Zephyr Energy (LON:ZPHR) Stock Price Up 11.1% – Here’s Why

Zephyr Energy plc (LON:ZPHR) traded up 11.1% on Friday . The company traded as high as GBX 4.10 and last traded at GBX 4. 8,351,039 shares traded hands during trading, an increase of 71% from the average session volume of 4,884,568 shares. The stock had previously closed at GBX 3.60.

Zephyr Energy Stock Down 1.2%

The firm’s 50-day moving average price is GBX 2.76 and its 200 day moving average price is GBX 2.81. The firm has a market cap of £83.02 million, a P/E ratio of -2.34 and a beta of 0.77. The company has a debt-to-equity ratio of 42.73, a current ratio of 0.45 and a quick ratio of 0.87.

Insider Activity at Zephyr Energy

In related news, insider Tom Reynolds sold 103,300 shares of Zephyr Energy stock in a transaction on Monday, January 19th. The shares were sold at an average price of GBX 3, for a total value of £3,099. 6.37% of the stock is currently owned by corporate insiders.

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.