Zephyr Energy (LON:ZPHR) Shares Up 3.9% – Still a Buy?

Zephyr Energy plc (LON:ZPHR) shot up 3.9% during mid-day trading on Monday . The stock traded as high as GBX 2.69 ($0.03) and last traded at GBX 2.65 ($0.03). 6,007,879 shares were traded during mid-day trading, an increase of 44% from the average session volume of 4,179,638 shares. The stock had previously closed at GBX 2.55 ($0.03).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 16 ($0.20) price target on shares of Zephyr Energy in a report on Thursday, September 26th.

Zephyr Energy Price Performance

The business has a 50-day moving average of GBX 3.29 and a 200 day moving average of GBX 4.21. 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 firm has a market capitalization of £46.38 million, a P/E ratio of 278.00 and a beta of 0.77.

Zephyr Energy Company Profile

Zephyr Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas resources in the United States. Its flagship property is the Paradox Basin, which covers an area of approximately 45,000 gross acres located in Utah, the United States; and holds property in Williston Basin, North Dakota.