Zoltav Resources (LON:ZOL) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Zoltav Resources Inc. (LON:ZOLGet Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 10.50 ($0.14) and traded as high as GBX 10.50 ($0.14). Zoltav Resources shares last traded at GBX 10.50 ($0.14), with a volume of 8,000 shares trading hands.

Zoltav Resources Stock Performance

The company has a market cap of £14.91 million and a price-to-earnings ratio of -2.10. The company has a debt-to-equity ratio of 114.58, a quick ratio of 0.07 and a current ratio of 0.10. The stock’s fifty day simple moving average is GBX 10.50 and its two-hundred day simple moving average is GBX 10.50.

About Zoltav Resources

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Zoltav Resources Inc engages in the acquisition, exploration, development, and production of hydrocarbons in Russia. The company holds interests in the Bortovoy license covering an area of 3,215 square kilometers with proved plus probable reserves of 750 billion cubic feet of gas, and 3.9 million barrels of oil and condensate located in the Saratov region of south western Russia.

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