Zoltav Resources (LON:ZOL) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Zoltav Resources Inc. (LON:ZOLGet Free Report)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 10.50 ($0.14) and traded as low as GBX 5 ($0.06). Zoltav Resources shares last traded at GBX 10.50 ($0.14), with a volume of 8,000 shares.

Zoltav Resources Price Performance

The stock’s 50-day moving average price is GBX 10.50 and its 200 day moving average price is GBX 10.50. The company has a quick ratio of 0.07, a current ratio of 0.10 and a debt-to-equity ratio of 114.58. The firm has a market capitalization of £14.91 million and a price-to-earnings ratio of -2.10.

About Zoltav Resources

(Get Free Report)

Zoltav Resources Inc engages in the acquisition, exploration, development, and production of hydrocarbons in Russia. The company holds interests in the Bortovoy license covering an area of 3,215 square kilometers with proved plus probable reserves of 750 billion cubic feet of gas, and 3.9 million barrels of oil and condensate located in the Saratov region of south western Russia.

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