Zephyr Energy (LON:ZPHR) Shares Down 6.7% – Should You Sell?

Zephyr Energy plc (LON:ZPHR) shares dropped 6.7% during mid-day trading on Thursday . The stock traded as low as GBX 3.35 ($0.04) and last traded at GBX 3.36 ($0.04). Approximately 1,330,560 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 4,228,157 shares. The stock had previously closed at GBX 3.60 ($0.05).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 16 ($0.21) target price on shares of Zephyr Energy in a research note on Thursday, September 26th.

Zephyr Energy Stock Performance

The company has a market cap of £60.38 million, a PE ratio of 278.00 and a beta of 0.77. The firm’s fifty day moving average is GBX 3.71 and its 200 day moving average is GBX 4.46. The company has a current ratio of 0.45, a quick ratio of 0.87 and a debt-to-equity ratio of 42.73.

About Zephyr Energy

Zephyr Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas resources in the United States. Its flagship property is the Paradox Basin, which covers an area of approximately 45,000 gross acres located in Utah, the United States; and holds property in Williston Basin, North Dakota.