Zephyr Energy (LON:ZPHR) Stock Falls 6.8% – Should You Sell?

Zephyr Energy plc (LON:ZPHR)’s stock price fell 6.8% during mid-day trading on Friday. The company traded as low as GBX 2.89 and last traded at GBX 3. Approximately 5,811,894 shares traded hands during trading, an increase of 66% from the average daily volume of 3,508,258 shares. The stock had previously closed at GBX 3.22.

Zephyr Energy Stock Down 8.4%

The company has a market capitalization of £61.97 million, a PE ratio of -5.09 and a beta of 0.70. The company’s fifty day moving average is GBX 3.18 and its 200-day moving average is GBX 3.23. The company has a debt-to-equity ratio of 40.29, a quick ratio of 0.87 and a current ratio of 0.31.

About Zephyr Energy

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) is a technology-led oil and gas company focused on responsible resource development from carbon-neutral operations in the Rocky Mountain region of the United States. The Company’s mission is rooted in two core values: to be responsible stewards of its investors’ capital, and to be responsible stewards of the environment in which it works.

Zephyr’s flagship asset is an operated 46,000-acre leaseholding located in the Paradox Basin, Utah, 25,000 acres of which has been assessed to hold, net to Zephyr, 2P reserves of 2.6 million barrels of oil equivalent (“mmboe”), 2C resources of 34 mmboe and 2U resources 270 mmboe.

In addition to its operated assets, the Company owns working interests in a broad portfolio of non-operated producing wells across the Williston Basin in North Dakota and Montana.