Zephyr Energy (LON:ZPHR) Shares Up 8.3% - Should You Buy?

Shares of Zephyr Energy plc (LON:ZPHR - Get Free Report) rose 8.3% during mid-day trading on Tuesday . The company traded as high as GBX 3.30 ($0.04) and last traded at GBX 3.25 ($0.04). Approximately 764,794 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 4,069,414 shares. The stock had previously closed at GBX 3 ($0.04).

Wall Street Analyst Weigh In

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

Zephyr Energy Stock Up 8.0 %

The stock has a 50-day moving average of GBX 2.95 and a 200-day moving average of GBX 3.74. 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 firm has a market cap of £56.70 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.