Zephyr Energy (LON:ZPHR) Trading 0.3% Higher – Here’s What Happened

Shares of Zephyr Energy plc (LON:ZPHR) traded up 0.3% during mid-day trading on Friday . The company traded as high as GBX 3.29 ($0.04) and last traded at GBX 3.21 ($0.04). 2,921,052 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 1,939,109 shares. The stock had previously closed at GBX 3.20 ($0.04).

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZPHR. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 13 ($0.17) price target on shares of Zephyr Energy in a report on Wednesday, December 4th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 13 ($0.17) price target on shares of Zephyr Energy in a report on Wednesday, December 4th.

Zephyr Energy Price Performance

The stock has a market capitalization of £68.62 million, a P/E ratio of -15.94 and a beta of 0.77. The company has a debt-to-equity ratio of 42.73, a quick ratio of 0.87 and a current ratio of 0.45. The firm has a 50-day moving average price of GBX 3.25 and a 200 day moving average price of GBX 3.28.

Zephyr Energy Company Profile

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.