Zephyr Energy (LON:ZPHR) Trading Up 16.4% - Here's Why

Zephyr Energy plc (LON:ZPHR - Get Free Report)'s stock price traded up 16.4% during trading on Wednesday . The stock traded as high as GBX 3.27 ($0.04) and last traded at GBX 3.20 ($0.04). 3,386,610 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 4,111,433 shares. The stock had previously closed at GBX 2.75 ($0.03).

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ZPHR shares. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 13 ($0.16) price target on shares of Zephyr Energy in a research note on Wednesday, December 4th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 13 ($0.16) target price on shares of Zephyr Energy in a research report on Wednesday, December 4th.

Zephyr Energy Stock Performance

The business has a 50-day moving average of GBX 3.04 and a 200 day moving average of GBX 3.89. The company has a debt-to-equity ratio of 42.73, a current ratio of 0.45 and a quick ratio of 0.87. The company has a market cap of £54.25 million, a PE 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.