Zoltav Resources (LON:ZOL) Shares Cross Below 50-Day Moving Average – What’s Next?

Zoltav Resources Inc. (LON:ZOL) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 10.50 ($0.14) and traded as low as GBX 5 ($0.06). Zoltav Resources shares last traded at GBX 10.50 ($0.14), with a volume of 8,000 shares trading hands.

Zoltav Resources Stock Down 30.0 %

The business’s 50 day moving average price is GBX 10.50 and its 200-day moving average price is GBX 10.50. The company has a debt-to-equity ratio of 114.58, a quick ratio of 0.07 and a current ratio of 0.10. The firm has a market capitalization of £14.91 million and a PE ratio of -2.10.

About Zoltav Resources

Zoltav Resources Inc engages in the acquisition, exploration, development, and production of hydrocarbons in Russia. The company holds interests in the Bortovoy license covering an area of 3,215 square kilometers with proved plus probable reserves of 750 billion cubic feet of gas, and 3.9 million barrels of oil and condensate located in the Saratov region of south western Russia.