Zenith Energy (LON:ZEN) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Zenith Energy Ltd. (LON:ZEN)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1.33 ($0.02) and traded as low as GBX 1.30 ($0.02). Zenith Energy shares last traded at GBX 1.40 ($0.02), with a volume of 53,166 shares.

Zenith Energy Trading Down 6.7 %

The company’s fifty day moving average is GBX 1.33 and its 200-day moving average is GBX 1.67. The company has a current ratio of 0.30, a quick ratio of 0.92 and a debt-to-equity ratio of 83.40. The firm has a market capitalization of £3.80 million, a P/E ratio of -15.56 and a beta of 0.97.

Zenith Energy Company Profile

Zenith Energy Ltd., together with its subsidiaries, engages in exploration and development of oil and natural gas in Tunisia, Italy, and the Republic of the Congo. It also engages in the production of oil, gas, and electricity assets in Africa and Europe. The company was formerly known as Canoel International Energy Ltd.