Zenith Energy (LON:ZEN) Stock Price Up 59.4% – Here’s Why

Zenith Energy Ltd. (LON:ZEN)’s stock price was up 59.4% on Thursday . The company traded as high as GBX 2.74 ($0.03) and last traded at GBX 2.55 ($0.03). Approximately 1,869,250 shares traded hands during trading, an increase of 1,330% from the average daily volume of 130,748 shares. The stock had previously closed at GBX 1.60 ($0.02).

Zenith Energy Stock Up 13.5 %

The stock has a market cap of £6.63 million, a price-to-earnings ratio of -27.11 and a beta of 0.97. The company has a current ratio of 0.30, a quick ratio of 0.92 and a debt-to-equity ratio of 83.40. The stock’s 50-day moving average price is GBX 1.51 and its 200-day moving average price is GBX 1.56.

Zenith Energy Company Profile

Zenith Energy Ltd., together with its subsidiaries, engages in exploration and development of oil and natural gas in Tunisia, Italy, and the Republic of the Congo. It also engages in the production of oil, gas, and electricity assets in Africa and Europe. The company was formerly known as Canoel International Energy Ltd.