Zephyr Energy (LON:ZPHR) Trading 1.4% Higher – What’s Next?
by Tristan Rich · The Markets DailyZephyr Energy plc (LON:ZPHR – Get Free Report) shot up 1.4% on Friday . The stock traded as high as GBX 3.60 and last traded at GBX 3.50. 804,845 shares traded hands during trading, a decline of 79% from the average daily volume of 3,807,263 shares. The stock had previously closed at GBX 3.45.
Zephyr Energy Stock Up 1.4%
The company has a market cap of £73.53 million, a P/E ratio of -2.07 and a beta of 0.73. The company has a debt-to-equity ratio of 40.29, a current ratio of 0.31 and a quick ratio of 0.87. The business’s 50 day moving average price is GBX 3.29 and its 200-day moving average price is GBX 3.25.
About Zephyr Energy
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.