Zenith Energy (LON:ZEN) Trading Up 9.6% – Here’s Why

Zenith Energy Ltd. (LON:ZEN) shares were up 9.6% on Monday . The company traded as high as GBX 10.38 and last traded at GBX 10.38. Approximately 639,605 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 1,579,227 shares. The stock had previously closed at GBX 9.48.

Zenith Energy Stock Up 2.9%

The company has a debt-to-equity ratio of 73.90, a quick ratio of 0.92 and a current ratio of 1.31. The company has a market cap of £63.31 million, a price-to-earnings ratio of -14.56 and a beta of 0.41. The stock’s fifty day moving average is GBX 5.19 and its two-hundred day moving average is GBX 4.05.

About Zenith Energy

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.