Zenith Energy (LON:ZEN) Stock Price Down 6.9% – Here’s Why

Zenith Energy Ltd. (LON:ZENGet Free Report)’s share price fell 6.9% on Friday . The stock traded as low as GBX 5 ($0.06) and last traded at GBX 5.68 ($0.07). 3,653,598 shares were traded during trading, a decline of 26% from the average session volume of 4,909,910 shares. The stock had previously closed at GBX 6.10 ($0.08).

Zenith Energy Price Performance

The business’s fifty day moving average price is GBX 2.02 and its 200-day moving average price is GBX 1.70. The company has a market capitalization of £15.55 million, a P/E ratio of -63.61 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.

Zenith Energy Company Profile

(Get Free Report)

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.

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