Zephyr Energy (LON:ZPHR) Shares Down 7.8% - Here's Why

Zephyr Energy plc (LON:ZPHR - Get Free Report) dropped 7.8% during trading on Tuesday . The stock traded as low as GBX 4.15 ($0.06) and last traded at GBX 4.15 ($0.06). Approximately 4,981,475 shares changed hands during trading, an increase of 79% from the average daily volume of 2,780,250 shares. The stock had previously closed at GBX 4.50 ($0.06).

Zephyr Energy Price Performance

The stock has a 50-day moving average of GBX 3.69 and a two-hundred day moving average of GBX 3.31. The firm has a market cap of £98.39 million, a price-to-earnings ratio of -22.85 and a beta of 0.77. The company has a current ratio of 0.45, a quick ratio of 0.87 and a debt-to-equity ratio of 42.73.

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.