Zenith Energy (LON:ZEN) Trading 4.3% Higher – Still a Buy?

Zenith Energy Ltd. (LON:ZEN) shares shot up 4.3% during mid-day trading on Friday . The stock traded as high as GBX 3.30 and last traded at GBX 3.29. 830,658 shares were traded during mid-day trading, a decline of 34% from the average session volume of 1,249,491 shares. The stock had previously closed at GBX 3.15.

Zenith Energy Stock Up 4.3%

The company has a debt-to-equity ratio of 83.40, a current ratio of 0.30 and a quick ratio of 0.92. The company has a market capitalization of £18.01 million, a price-to-earnings ratio of 9.95 and a beta of 0.97. The firm has a 50-day moving average price of GBX 3.33 and a two-hundred day moving average price of GBX 5.44.

About Zenith Energy

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).

Zenith’s strategic focus is on pursuing transformational opportunities in Africa and Europe through the development of proven revenue generating oil, gas and electricity production assets, as well as low-risk exploration activities in assets with existing production.