Zephyr Energy (LON:ZPHR) Stock Price Up 16.4% – Should You Buy?

Zephyr Energy plc (LON:ZPHR)’s share price was up 16.4% during mid-day trading on Wednesday . The company traded as high as GBX 3.27 ($0.04) and last traded at GBX 3.20 ($0.04). Approximately 3,386,610 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 4,111,433 shares. The stock had previously closed at GBX 2.75 ($0.03).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 13 ($0.17) price objective on shares of Zephyr Energy in a research report on Wednesday, December 4th.

Zephyr Energy Price Performance

The company has a current ratio of 0.45, a quick ratio of 0.87 and a debt-to-equity ratio of 42.73. The stock has a fifty day simple moving average of GBX 3.05 and a two-hundred day simple moving average of GBX 3.90. The company has a market cap of £55.65 million, a PE ratio of 278.00 and a beta of 0.77.

About Zephyr Energy

Zephyr Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas resources in the United States. Its flagship property is the Paradox Basin, which covers an area of approximately 45,000 gross acres located in Utah, the United States; and holds property in Williston Basin, North Dakota.