Zenith Energy (LON:ZEN) Trading Up 13.4% – Here’s Why

Zenith Energy Ltd. (LON:ZEN) rose 13.4% during mid-day trading on Monday . The stock traded as high as GBX 6.98 and last traded at GBX 6.98. Approximately 246,290 shares were traded during trading, a decline of 85% from the average daily volume of 1,595,851 shares. The stock had previously closed at GBX 6.15.

Zenith Energy Trading Up 13.4%

The company has a market cap of £45.28 million, a P/E ratio of -10.41 and a beta of 0.41. The business’s 50-day moving average price is GBX 4.34 and its 200 day moving average price is GBX 3.77. The company has a debt-to-equity ratio of 73.90, a quick ratio of 0.92 and a current ratio of 1.31.

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).

Zenith’s strategic focus is on pursuing transformational opportunities in Africa and Europe through the development of proven revenue generating oil, gas and electricity production assets, as well as low-risk exploration activities in assets with existing production.