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Zenith Energy ( (GB:ZEN) ) just unveiled an update.
Zenith Energy Ltd. announced the planned sale of its ZEN-260 drilling rig, originally acquired for operations in Azerbaijan and intended for use in Tunisia. Due to importation issues in Tunisia, the rig is now being sold, with negotiations nearing completion for a sale valued at approximately $2 million. The sale will enhance Zenith’s cash position and support business development activities in Italy.
The most recent analyst rating on (GB:ZEN) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on Zenith Energy stock, see the GB:ZEN Stock Forecast page.
More about Zenith Energy
Zenith Energy Ltd. is an independent energy company with assets in North Africa, the US, and Europe. It focuses on developing revenue-generating energy production assets and low-risk exploration activities. The company is listed on the London Stock Exchange, the Oslo Stock Exchange, and the Spotlight Stock Market in Sweden.
Average Trading Volume: 704,985
Technical Sentiment Signal: Sell
Current Market Cap: £12.65M
See more data about ZEN stock on TipRanks’ Stock Analysis page.