Zenith Energy (LON:ZEN) Trading 7.5% Higher – What’s Next?

Zenith Energy Ltd. (LON:ZEN) shares traded up 7.5% during trading on Friday . The company traded as high as GBX 3.60 and last traded at GBX 3.60. 107,113 shares traded hands during trading, a decline of 91% from the average session volume of 1,150,741 shares. The stock had previously closed at GBX 3.35.

Zenith Energy Trading Up 7.5%

The firm has a market cap of £23.37 million, a price-to-earnings ratio of -5.37 and a beta of 0.97. The company has a quick ratio of 0.92, a current ratio of 0.30 and a debt-to-equity ratio of 83.40. The business has a 50 day moving average price of GBX 3.50 and a 200-day moving average price of GBX 4.19.

Zenith Energy Company Profile

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.