Zenith Energy (LON:ZEN) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Zenith Energy Ltd. (LON:ZENGet Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 8.23 ($0.11) and traded as low as GBX 7.50 ($0.10). Zenith Energy shares last traded at GBX 7.53 ($0.10), with a volume of 1,266,686 shares traded.

Zenith Energy Stock Performance

The firm has a market cap of £64.70 million, a P/E ratio of -1.09 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 company’s 50-day moving average is GBX 8.23 and its two-hundred day moving average is GBX 4.33.

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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