Zenith Energy (LON:ZEN) Trading Down 10.6% – Here’s Why

Zenith Energy Ltd. (LON:ZEN) traded down 10.6% during trading on Friday . The stock traded as low as GBX 10 ($0.12) and last traded at GBX 10.10 ($0.13). 7,000,243 shares were traded during mid-day trading, an increase of 39% from the average session volume of 5,035,125 shares. The stock had previously closed at GBX 11.30 ($0.14).

Zenith Energy Price Performance

The stock’s 50-day simple moving average is GBX 3.87 and its two-hundred day simple moving average is GBX 2.29. The company has a market capitalization of £27.22 million, a price-to-earnings ratio of -111.39 and a beta of 0.97. The company has a quick ratio of 0.92, a current ratio of 0.30 and a debt-to-equity ratio of 83.40.

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).