Zephyr Energy (LON:ZPHR) Trading Down 8.7% – Time to Sell?

Zephyr Energy plc (LON:ZPHR)’s share price dropped 8.7% during trading on Monday . The stock traded as low as GBX 3.53 and last traded at GBX 3.67. Approximately 9,516,880 shares traded hands during mid-day trading, an increase of 84% from the average daily volume of 5,161,553 shares. The stock had previously closed at GBX 4.02.

Zephyr Energy Price Performance

The company has a market cap of £77.10 million, a price-to-earnings ratio of -2.17 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. The company has a fifty day moving average price of GBX 2.76 and a two-hundred day moving average price of GBX 2.81.

Insiders Place Their Bets

In other Zephyr Energy news, insider Tom Reynolds sold 103,300 shares of Zephyr Energy stock in a transaction that occurred on Monday, January 19th. The stock was sold at an average price of GBX 3, for a total transaction of £3,099. 6.37% of the stock is currently owned by insiders.

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.