Zenith Energy (LON:ZEN) Trading 12.8% Higher – Here’s What Happened

Shares of Zenith Energy Ltd. (LON:ZEN) shot up 12.8% on Wednesday . The stock traded as high as GBX 5.50 and last traded at GBX 5.08. Approximately 201,088 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,271,835 shares. The stock had previously closed at GBX 4.50.

Zenith Energy Trading Down 2.6%

The firm has a market capitalization of £33.06 million, a P/E ratio of -1.32 and a beta of 0.41. The company has a quick ratio of 0.92, a current ratio of 1.31 and a debt-to-equity ratio of 73.90. The firm’s 50-day simple moving average is GBX 6.18 and its 200-day simple moving average is GBX 5.10.

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.