Zenith Energy (LON:ZEN) Shares Up 4.7% – Should You Buy?

Zenith Energy Ltd. (LON:ZEN) shot up 4.7% during trading on Tuesday . The company traded as high as GBX 3.60 and last traded at GBX 3.60. Approximately 1,139,126 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 1,362,056 shares. The stock had previously closed at GBX 3.44.

Zenith Energy Stock Performance

The stock has a market cap of £23.37 million, a P/E ratio of -5.37 and a beta of 0.97. The stock has a fifty day simple moving average of GBX 3.48 and a 200-day simple moving average of GBX 3.55. The company has a quick ratio of 0.92, a current ratio of 0.30 and a debt-to-equity ratio of 83.40.

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.