Zenith Energy (LON:ZEN) Shares Up 13.4% – Still a Buy?

Shares of Zenith Energy Ltd. (LON:ZEN) traded up 13.4% on Monday . The company traded as high as GBX 6.98 and last traded at GBX 6.98. 246,290 shares were traded during trading, a decline of 85% from the average session volume of 1,595,851 shares. The stock had previously closed at GBX 6.15.

Zenith Energy Price Performance

The company has a debt-to-equity ratio of 73.90, a current ratio of 1.31 and a quick ratio of 0.92. The company has a 50-day simple moving average of GBX 4.51 and a 200-day simple moving average of GBX 3.83. The stock has a market cap of £48.66 million, a PE ratio of -11.19 and a beta of 0.41.

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).

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.