Zephyr Energy (LON:ZPHR) Shares Up 9.1% – What’s Next?

Zephyr Energy plc (LON:ZPHR) shares shot up 9.1% during mid-day trading on Wednesday . The company traded as high as GBX 4.72 ($0.06) and last traded at GBX 4.58 ($0.06). 2,550,454 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 2,807,348 shares. The stock had previously closed at GBX 4.20 ($0.06).

Zephyr Energy Stock Performance

The firm has a fifty day moving average price of GBX 3.61 and a 200 day moving average price of GBX 3.29. The company has a current ratio of 0.45, a quick ratio of 0.87 and a debt-to-equity ratio of 42.73. The firm has a market cap of £99.25 million, a PE ratio of -23.05 and a beta of 0.77.

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.