Zephyr Energy (LON:ZPHR) Trading 8.3% Higher – Here’s Why

Zephyr Energy plc (LON:ZPHR) shares rose 8.3% during mid-day trading on Tuesday . The company traded as high as GBX 3.30 ($0.04) and last traded at GBX 3.25 ($0.04). Approximately 764,794 shares changed hands during trading, a decline of 81% from the average daily volume of 4,069,414 shares. The stock had previously closed at GBX 3 ($0.04).

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 13 ($0.16) target price on shares of Zephyr Energy in a report on Wednesday, December 4th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 13 ($0.16) target price on shares of Zephyr Energy in a report on Wednesday, December 4th.

Zephyr Energy Stock Performance

The company has a 50-day moving average of GBX 2.95 and a 200 day moving average of GBX 3.74. The firm has a market capitalization of £57.75 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.

About Zephyr Energy

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.