Zenith Energy (LON:ZEN) Stock Price Up 8.2% – Here’s Why

Zenith Energy Ltd. (LON:ZEN)’s stock price shot up 8.2% during trading on Thursday . The stock traded as high as GBX 5.30 ($0.07) and last traded at GBX 5.30 ($0.07). 706,640 shares traded hands during trading, a decline of 75% from the average session volume of 2,844,602 shares. The stock had previously closed at GBX 4.90 ($0.06).

Zenith Energy Stock Up 18.4 %

The company has a debt-to-equity ratio of 83.40, a quick ratio of 0.92 and a current ratio of 0.30. The stock’s fifty day simple moving average is GBX 2.26 and its two-hundred day simple moving average is GBX 1.77. The stock has a market capitalization of £15.75 million, a P/E ratio of -64.44 and a beta of 0.97.

Zenith Energy Company Profile

Zenith Energy Ltd., together with its subsidiaries, engages in exploration and development of oil and natural gas in Tunisia, Italy, and the Republic of the Congo. It also engages in the production of oil, gas, and electricity assets in Africa and Europe. The company was formerly known as Canoel International Energy Ltd.