Zephyr Energy (LON:ZPHR) Trading Down 8.7% – Here’s What Happened

Zephyr Energy plc (LON:ZPHR)’s share price traded down 8.7% during mid-day trading on Monday . The stock traded as low as GBX 3.53 and last traded at GBX 3.67. 9,516,880 shares changed hands during trading, an increase of 84% from the average session volume of 5,161,553 shares. The stock had previously closed at GBX 4.02.

Zephyr Energy Stock Performance

The company has a quick ratio of 0.87, a current ratio of 0.45 and a debt-to-equity ratio of 42.73. The stock has a market cap of £77.10 million, a P/E ratio of -2.17 and a beta of 0.77. The firm’s 50-day moving average is GBX 2.76 and its two-hundred day moving average is GBX 2.81.

Insider Activity

In other Zephyr Energy news, insider Tom Reynolds sold 103,300 shares of the stock in a transaction on Monday, January 19th. The shares were sold at an average price of GBX 3, for a total transaction of £3,099. 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.