Zenith Energy (LON:ZEN) Stock Price Down 14.8% – Time to Sell?

Zenith Energy Ltd. (LON:ZENGet Free Report) shares dropped 14.8% during mid-day trading on Thursday . The company traded as low as GBX 7.10 ($0.09) and last traded at GBX 7.80 ($0.10). Approximately 7,675,796 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 5,229,628 shares. The stock had previously closed at GBX 9.15 ($0.11).

Zenith Energy Price Performance

The company has a debt-to-equity ratio of 83.40, a current ratio of 0.30 and a quick ratio of 0.92. The firm has a market cap of £25.25 million, a PE ratio of -103.33 and a beta of 0.97. The firm has a 50-day simple moving average of GBX 4.83 and a 200 day simple moving average of GBX 2.60.

About Zenith Energy

(Get Free Report)

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).

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