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Zenith Energy (LON:ZEN) Share Price Crosses Below 50 Day Moving Average - Here's Why

Zenith Energy logo with Energy background

Zenith Energy Ltd. (LON:ZEN - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 7.90 ($0.10) and traded as low as GBX 6.80 ($0.09). Zenith Energy shares last traded at GBX 6.92 ($0.09), with a volume of 509,699 shares changing hands.

Zenith Energy Stock Performance

The company has a quick ratio of 0.92, a current ratio of 0.30 and a debt-to-equity ratio of 83.40. The company has a market cap of £69.16 million, a price-to-earnings ratio of -1.16 and a beta of 0.97. The stock has a 50 day simple moving average of GBX 7.83 and a 200 day simple moving average of GBX 5.13.

Zenith Energy Company Profile

(Get Free Report)

Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in Tunisia, Italy and the Republic of Congo. The Company is listed on the London Stock Exchange Main Market LSE: ZEN and the Euronext Growth of the Oslo Stock Exchange OSE: ZENA.

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