Zenith Energy (LON:ZEN) Stock Price Up 22.5% – Still a Buy?

Zenith Energy Ltd. (LON:ZEN) was up 22.5% on Monday . The company traded as high as GBX 5 and last traded at GBX 5. 16,702,859 shares changed hands during mid-day trading, an increase of 1,238% from the average session volume of 1,248,103 shares. The stock had previously closed at GBX 4.08.

Zenith Energy Stock Up 4.3%

The company has a quick ratio of 0.92, a current ratio of 1.87 and a debt-to-equity ratio of 60.05. The business has a 50-day simple moving average of GBX 4.58 and a 200-day simple moving average of GBX 5.37. The company has a market cap of £36.71 million, a PE ratio of -1.10 and a beta of 0.41.

Zenith Energy Company Profile

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).

Zenith’s strategic focus is on pursuing transformational opportunities in Africa and Europe through the development of proven revenue generating oil, gas and electricity production assets, as well as low-risk exploration activities in assets with existing production.