Zoltav Resources (LON:ZOL) Shares Cross Above Fifty Day Moving Average – Here’s Why

Zoltav Resources Inc. (LON:ZOLGet Free Report)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 10.50 ($0.14) and traded as high as GBX 10.50 ($0.14). Zoltav Resources shares last traded at GBX 10.50 ($0.14), with a volume of 8,000 shares changing hands.

Zoltav Resources Trading Down 30.0 %

The company has a quick ratio of 0.07, a current ratio of 0.10 and a debt-to-equity ratio of 114.58. The firm has a market capitalization of £14.91 million and a price-to-earnings ratio of -2.10. The business’s fifty day moving average is GBX 10.50 and its 200 day moving average is GBX 10.50.

Zoltav Resources Company Profile

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Zoltav Resources Inc engages in the acquisition, exploration, development, and production of hydrocarbons in Russia. The company holds interests in the Bortovoy license covering an area of 3,215 square kilometers with proved plus probable reserves of 750 billion cubic feet of gas, and 3.9 million barrels of oil and condensate located in the Saratov region of south western Russia.

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