Zenith Energy (LON:ZEN) Trading 2.4% Higher – Here’s What Happened

Zenith Energy Ltd. (LON:ZEN) was up 2.4% during mid-day trading on Friday . The company traded as high as GBX 4.65 and last traded at GBX 4.25. 596,742 shares changed hands during trading, a decline of 49% from the average daily volume of 1,175,147 shares. The stock had previously closed at GBX 4.15.

Zenith Energy Stock Performance

The company has a quick ratio of 0.92, a current ratio of 1.87 and a debt-to-equity ratio of 60.05. The company has a 50 day moving average of GBX 5.13 and a 200 day moving average of GBX 5.27. The firm has a market cap of £30.38 million, a price-to-earnings ratio of -1.21 and a beta of 0.41.

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.