Zephyr Energy (LON:ZPHR) Shares Up 7.2% – What’s Next?

Shares of Zephyr Energy plc (LON:ZPHR) traded up 7.2% during trading on Thursday . The stock traded as high as GBX 3.75 and last traded at GBX 3.70. 1,527,566 shares were traded during trading, a decline of 63% from the average session volume of 4,133,774 shares. The stock had previously closed at GBX 3.45.

Zephyr Energy Stock Performance

The stock’s 50-day moving average price is GBX 3.21 and its 200 day moving average price is GBX 2.88. The company has a market cap of £73.53 million, a P/E ratio of -2.07 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 0.28 and a debt-to-equity ratio of 46.08.

Insiders Place Their Bets

In other Zephyr Energy news, insider Tom Reynolds sold 103,300 shares of the company’s stock in a transaction dated Monday, January 19th. The shares were sold at an average price of GBX 3, for a total transaction of £3,099. Corporate insiders own 6.37% of the company’s stock.

Zephyr Energy Company Profile

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) is a technology-led oil and gas company focused on responsible resource development from carbon-neutral operations in the Rocky Mountain region of the United States. The Company’s mission is rooted in two core values: to be responsible stewards of its investors’ capital, and to be responsible stewards of the environment in which it works.

Zephyr’s flagship asset is an operated 46,000-acre leaseholding located in the Paradox Basin, Utah, 25,000 acres of which has been assessed to hold, net to Zephyr, 2P reserves of 2.6 million barrels of oil equivalent (“mmboe”), 2C resources of 34 mmboe and 2U resources 270 mmboe.

In addition to its operated assets, the Company owns working interests in a broad portfolio of non-operated producing wells across the Williston Basin in North Dakota and Montana.