Zephyr Energy (LON:ZPHR) Stock Price Down 1.4% – Here’s What Happened

Zephyr Energy plc (LON:ZPHR)’s share price was down 1.4% during trading on Tuesday . The stock traded as low as GBX 3.30 ($0.04) and last traded at GBX 3.40 ($0.04). Approximately 3,679,605 shares changed hands during trading, an increase of 52% from the average daily volume of 2,425,658 shares. The stock had previously closed at GBX 3.45 ($0.04).

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ZPHR shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 13 ($0.16) price target on shares of Zephyr Energy in a research report on Wednesday, December 4th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 13 ($0.16) price objective on shares of Zephyr Energy in a report on Wednesday, December 4th.

Zephyr Energy Trading Down 1.4 %

The firm has a 50-day moving average of GBX 3 and a 200 day moving average of GBX 3.57. The company has a current ratio of 0.45, a quick ratio of 0.87 and a debt-to-equity ratio of 42.73. The stock has a market capitalization of £59.50 million, a price-to-earnings ratio of 278.00 and a beta of 0.77.

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.