Zenith Energy (LON:ZEN) Shares Down 2.8%

Zenith Energy Ltd (LON:ZEN) shares traded down 2.8% during mid-day trading on Tuesday . The company traded as low as GBX 3.45 ($0.05) and last traded at GBX 3.50 ($0.05), 3,555,610 shares traded hands during trading. An increase of 386% from the average session volume of 731,396 shares. The stock had previously closed at GBX 3.60 ($0.05).

The stock has a market capitalization of $5.19 million and a PE ratio of -0.56. The company has a quick ratio of 0.30, a current ratio of 0.48 and a debt-to-equity ratio of 1.93. The stock’s 50 day moving average price is GBX 2.78 and its 200-day moving average price is GBX 2.93.

In other news, insider Andrea Cattaneo sold 1,500,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of GBX 3 ($0.04), for a total transaction of £45,000 ($58,800.47).

About Zenith Energy (LON:ZEN)

Zenith Energy Ltd., together with its subsidiaries, explores for, develops, and produces oil and natural gas in Azerbaijan and Italy. It explores for oil and gas in central Asia; and produces electricity and condensate. The company holds interests in three petroleum producing onshore fields, as well as gas producing assets in Azerbaijan.

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