Zoltav Resources (LON:ZOL) Stock Crosses Above 50 Day Moving Average – What’s Next?

Zoltav Resources Inc. (LON:ZOLGet Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 10.50 ($0.13) and traded as high as GBX 10.50 ($0.13). Zoltav Resources shares last traded at GBX 10.50 ($0.13), with a volume of 8,000 shares changing hands.

Zoltav Resources Stock Performance

The stock has a 50-day moving average of GBX 10.50 and a 200 day moving average of GBX 10.50. The company has a debt-to-equity ratio of 114.58, a current ratio of 0.10 and a quick ratio of 0.07. The stock has a market capitalization of £14.91 million and a price-to-earnings ratio of -2.10.

About Zoltav Resources

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Zoltav Resources Inc engages in the acquisition, exploration, development, and production of hydrocarbons in Russia. The company holds interests in the Bortovoy license covering an area of 3,215 square kilometers with proved plus probable reserves of 750 billion cubic feet of gas, and 3.9 million barrels of oil and condensate located in the Saratov region of south western Russia.

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