Zephyr Energy (LON:ZPHR) Shares Up 13.9% – Here’s Why

Shares of Zephyr Energy plc (LON:ZPHR) were up 13.9% on Monday . The stock traded as high as GBX 3.50 ($0.05) and last traded at GBX 3.50 ($0.05). Approximately 3,285,411 shares changed hands during trading, a decline of 22% from the average daily volume of 4,196,575 shares. The stock had previously closed at GBX 3.07 ($0.04).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 16 ($0.21) price target on shares of Zephyr Energy in a research report on Thursday, September 26th.

Zephyr Energy Trading Up 1.1 %

The business has a 50-day simple moving average of GBX 3.50 and a 200-day simple moving average of GBX 4.38. The company has a market cap of £59.29 million, a PE ratio of 278.00 and a beta of 0.77. The company has a quick ratio of 0.87, a current ratio of 0.45 and a debt-to-equity ratio of 42.73.

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.