Zephyr Energy (LON:ZPHR) Trading Up 16.4% – Here’s Why

Zephyr Energy plc (LON:ZPHR) was up 16.4% during mid-day trading on Wednesday . The company traded as high as GBX 3.27 ($0.04) and last traded at GBX 3.20 ($0.04). Approximately 3,386,610 shares changed hands during trading, a decline of 18% from the average daily volume of 4,111,433 shares. The stock had previously closed at GBX 2.75 ($0.03).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 13 ($0.17) target price on shares of Zephyr Energy in a research note on Wednesday, December 4th.

Zephyr Energy Trading Up 15.6 %

The stock has a market capitalization of £55.65 million, a price-to-earnings ratio of 278.00 and a beta of 0.77. The company has a current ratio of 0.45, a quick ratio of 0.87 and a debt-to-equity ratio of 42.73. The firm has a 50-day moving average of GBX 3.05 and a 200 day moving average of GBX 3.90.

Zephyr Energy Company Profile

Zephyr Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas resources in the United States. Its flagship property is the Paradox Basin, which covers an area of approximately 45,000 gross acres located in Utah, the United States; and holds property in Williston Basin, North Dakota.