Zephyr Energy (LON:ZPHR) Trading Up 3.9% – Here’s Why

Zephyr Energy plc (LON:ZPHR) shares were up 3.9% on Monday . The company traded as high as GBX 2.69 ($0.03) and last traded at GBX 2.65 ($0.03). Approximately 6,007,879 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 4,179,638 shares. The stock had previously closed at GBX 2.55 ($0.03).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 16 ($0.20) price target on shares of Zephyr Energy in a research report on Thursday, September 26th.

Zephyr Energy Stock Performance

The company has a 50-day moving average of GBX 3.29 and a 200-day moving average of GBX 4.21. The company has a market cap of £46.38 million, a PE ratio of 278.00 and a beta of 0.77. The company has a quick ratio of 0.87, a current ratio of 0.45 and a debt-to-equity ratio of 42.73.

Zephyr Energy Company Profile

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.