Zenith Energy (LON:ZEN) Shares Up 61.8% – Here’s What Happened

Zenith Energy Ltd. (LON:ZEN) was up 61.8% during mid-day trading on Friday . The stock traded as high as GBX 6 ($0.08) and last traded at GBX 5.50 ($0.07). Approximately 4,227,160 shares were traded during mid-day trading, an increase of 1,808% from the average daily volume of 221,517 shares. The stock had previously closed at GBX 3.40 ($0.04).

Zenith Energy Stock Up 61.2 %

The firm has a 50-day simple moving average of GBX 1.62 and a 200 day simple moving average of GBX 1.58. The company has a market capitalization of £14.88 million, a PE ratio of -60.89 and a beta of 0.97. The company has a debt-to-equity ratio of 83.40, a current ratio of 0.30 and a quick ratio of 0.92.

Zenith Energy Company Profile

Zenith Energy Ltd., together with its subsidiaries, engages in exploration and development of oil and natural gas in Tunisia, Italy, and the Republic of the Congo. It also engages in the production of oil, gas, and electricity assets in Africa and Europe. The company was formerly known as Canoel International Energy Ltd.