Zephyr Energy (LON:ZPHR) Shares Down 7.8% – What’s Next?

Shares of Zephyr Energy plc (LON:ZPHR) dropped 7.8% during mid-day trading on Tuesday . The company traded as low as GBX 4.15 ($0.06) and last traded at GBX 4.15 ($0.06). Approximately 4,981,475 shares traded hands during trading, an increase of 79% from the average daily volume of 2,780,250 shares. The stock had previously closed at GBX 4.50 ($0.06).

Zephyr Energy Trading Down 7.8 %

The firm has a fifty day moving average of GBX 3.59 and a 200 day moving average of GBX 3.28. The firm has a market capitalization of £88.76 million, a PE ratio of -20.62 and a beta of 0.77. The company has a debt-to-equity ratio of 42.73, a quick ratio of 0.87 and a current ratio of 0.45.

Zephyr Energy Company Profile

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) is a technology-led oil and gas company focused on responsible resource development from carbon-neutral operations in the Rocky Mountain region of the United States. The Company’s mission is rooted in two core values: to be responsible stewards of its investors’ capital, and to be responsible stewards of the environment in which it works.

Zephyr’s flagship asset is an operated 46,000-acre leaseholding located in the Paradox Basin, Utah, 25,000 acres of which has been assessed to hold, net to Zephyr, 2P reserves of 2.6 million barrels of oil equivalent (“mmboe”), 2C resources of 34 mmboe and 2U resources 270 mmboe.

In addition to its operated assets, the Company owns working interests in a broad portfolio of non-operated producing wells across the Williston Basin in North Dakota and Montana.