Zephyr Energy (LON:ZPHR) Shares Down 10.2% - Here's Why

Zephyr Energy plc (LON:ZPHR - Get Free Report)'s stock price dropped 10.2% on Thursday . The stock traded as low as GBX 4 ($0.05) and last traded at GBX 4.15 ($0.06). Approximately 7,418,261 shares were traded during trading, an increase of 114% from the average daily volume of 3,472,300 shares. The stock had previously closed at GBX 4.62 ($0.06).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their target price on shares of Zephyr Energy from GBX 12 ($0.16) to GBX 9 ($0.12) and set a "speculative buy" rating on the stock in a report on Friday.

Zephyr Energy Price Performance

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 market cap of £87.70 million, a price-to-earnings ratio of -20.37 and a beta of 0.77. The company's fifty day moving average is GBX 4.10 and its two-hundred day moving average is GBX 3.47.

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.