Zephyr Energy (LON:ZPHR) Shares Down 1.6% – Here’s Why

Zephyr Energy plc (LON:ZPHR)’s share price fell 1.6% during trading on Friday . The stock traded as low as GBX 2.90 and last traded at GBX 3. Approximately 3,405,028 shares changed hands during trading, a decline of 5% from the average daily volume of 3,574,726 shares. The stock had previously closed at GBX 3.05.

Zephyr Energy Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.31 and a debt-to-equity ratio of 40.29. The firm has a market capitalization of £63.02 million, a price-to-earnings ratio of -5.17 and a beta of 0.72. The stock’s 50 day moving average price is GBX 3.26 and its two-hundred day moving average price is GBX 3.26.

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.