Zenith Energy (LON:ZEN) Stock Price Up 11% – Here’s Why

Zenith Energy Ltd. (LON:ZEN)’s share price shot up 11% during mid-day trading on Monday . The company traded as high as GBX 5.60 and last traded at GBX 5.39. 1,094,983 shares were traded during mid-day trading, a decline of 25% from the average session volume of 1,460,988 shares. The stock had previously closed at GBX 4.86.

Zenith Energy Price Performance

The company has a current ratio of 1.31, a quick ratio of 0.92 and a debt-to-equity ratio of 73.90. The company has a 50 day simple moving average of GBX 3.84 and a 200 day simple moving average of GBX 3.62. The stock has a market cap of £57.13 million, a P/E ratio of -13.13 and a beta of 0.41.

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.