Zenith Energy (LON:ZEN) Shares Up 10.9% – Still a Buy?

Zenith Energy Ltd. (LON:ZEN) was up 10.9% during trading on Monday . The company traded as high as GBX 4.50 and last traded at GBX 4.22. Approximately 1,989,999 shares traded hands during mid-day trading, an increase of 63% from the average daily volume of 1,224,362 shares. The stock had previously closed at GBX 3.80.

Zenith Energy Trading Up 10.9%

The firm has a 50 day moving average of GBX 3.50 and a 200 day moving average of GBX 3.52. The company has a quick ratio of 0.92, a current ratio of 1.31 and a debt-to-equity ratio of 73.90. The firm has a market cap of £27.36 million, a PE ratio of -6.29 and a beta of 0.97.

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.