Zenith Energy (LON:ZEN) Stock Price Up 9% – Still a Buy?

Shares of Zenith Energy Ltd. (LON:ZENGet Free Report) shot up 9% during mid-day trading on Tuesday . The company traded as high as GBX 7.68 ($0.10) and last traded at GBX 7.36 ($0.09). 2,060,549 shares were traded during trading, a decline of 41% from the average session volume of 3,515,202 shares. The stock had previously closed at GBX 6.75 ($0.09).

Zenith Energy Stock Performance

The stock has a 50-day moving average of GBX 7.13 and a 200-day moving average of GBX 3.44. The company has a debt-to-equity ratio of 83.40, a quick ratio of 0.92 and a current ratio of 0.30. The firm has a market cap of £65.98 million, a price-to-earnings ratio of -1.11 and a beta of 0.97.

Zenith Energy Company Profile

(Get Free Report)

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).

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