Zenith Energy (LON:ZEN) Trading 7.5% Higher – Time to Buy?

Zenith Energy Ltd. (LON:ZEN)’s share price was up 7.5% during trading on Friday . The company traded as high as GBX 3.60 and last traded at GBX 3.60. Approximately 107,113 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,150,741 shares. The stock had previously closed at GBX 3.35.

Zenith Energy Stock Up 7.5%

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