Zenith Energy (LON:ZEN) Trading Up 2.9% – Time to Buy?

Zenith Energy Ltd. (LON:ZEN)’s share price was up 2.9% during mid-day trading on Thursday . The stock traded as high as GBX 1.50 ($0.02) and last traded at GBX 1.44 ($0.02). Approximately 138,734 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 102,820 shares. The stock had previously closed at GBX 1.40 ($0.02).

Zenith Energy Price Performance

The stock has a market cap of £3.91 million, a P/E ratio of -16.00 and a beta of 0.97. The company has a current ratio of 0.30, a quick ratio of 0.92 and a debt-to-equity ratio of 83.40. The company’s fifty day simple moving average is GBX 1.31 and its 200-day simple moving average is GBX 1.70.

About Zenith Energy

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.