Zephyr Energy (LON:ZPHR) Stock Price Down 21.3% - Here's What Happened

Shares of Zephyr Energy plc (LON:ZPHR - Get Free Report) traded down 21.3% during trading on Wednesday . The stock traded as low as GBX 2.92 ($0.04) and last traded at GBX 2.95 ($0.04). 10,622,796 shares traded hands during trading, an increase of 193% from the average session volume of 3,623,224 shares. The stock had previously closed at GBX 3.75 ($0.05).

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective 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 research report on Friday, May 30th.

Zephyr Energy Stock Up 1.3%

The company's 50-day moving average is GBX 4.07 and its 200 day moving average is GBX 3.59. The company has a market capitalization of £66.31 million, a PE ratio of -15.40 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.

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.