Zephyr Energy (LON:ZPHR) Shares Up 7.2% – Should You Buy?

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

Zephyr Energy Price Performance

The company has a debt-to-equity ratio of 46.08, a quick ratio of 0.87 and a current ratio of 0.28. The stock has a market cap of £77.73 million, a PE ratio of -2.19 and a beta of 0.93. The business has a 50 day moving average price of GBX 3.17 and a two-hundred day moving average price of GBX 2.88.

Insider Transactions at Zephyr Energy

In other news, insider Tom Reynolds sold 103,300 shares of the company’s stock in a transaction on Monday, January 19th. The stock was sold at an average price of GBX 3, for a total transaction of £3,099. 6.37% of the stock is owned by corporate insiders.

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.