Zenith Energy (LON:ZEN) Trading Down 6.8% – Here’s Why

Zenith Energy Ltd. (LON:ZEN) dropped 6.8% during trading on Tuesday . The company traded as low as GBX 5.30 ($0.07) and last traded at GBX 5.50 ($0.07). Approximately 2,237,721 shares were traded during trading, a decline of 57% from the average daily volume of 5,229,328 shares. The stock had previously closed at GBX 5.90 ($0.07).

Zenith Energy Stock Performance

The firm’s fifty day moving average price is GBX 3.08 and its 200 day moving average price is GBX 2.03. The firm has a market cap of £14.93 million, a P/E ratio of -61.11 and a beta of 0.97. The company has a debt-to-equity ratio of 83.40, a quick ratio of 0.92 and a current ratio of 0.30.

Zenith Energy Company Profile

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).