Zenith Energy (LON:ZEN) Stock Price Down 12% – Here’s Why

Shares of Zenith Energy Ltd. (LON:ZEN) were down 12% during mid-day trading on Monday . The stock traded as low as GBX 7.10 ($0.09) and last traded at GBX 7.30 ($0.09). Approximately 1,049,815 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 3,518,474 shares. The stock had previously closed at GBX 8.30 ($0.11).

Zenith Energy Price Performance

The firm has a market cap of £73.03 million, a PE ratio of -1.23 and a beta of 0.97. The business’s fifty day moving average is GBX 7.22 and its 200-day moving average is GBX 3.48. The company has a debt-to-equity ratio of 83.40, a current ratio of 0.30 and a quick ratio of 0.92.

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).