Beaufort Securities Reiterates “Speculative Buy” Rating for Zenith Energy Ltd. (ZEN)

Zenith Energy Ltd. (LON:ZEN)‘s stock had its “speculative buy” rating reaffirmed by equities researchers at Beaufort Securities in a research note issued to investors on Wednesday, November 1st.

Shares of Zenith Energy (ZEN) opened at GBX 11.33 ($0.15) on Wednesday. Zenith Energy has a 12-month low of GBX 7 ($0.09) and a 12-month high of GBX 13.87 ($0.18).

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In related news, insider Andrea Cattaneo purchased 300,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of GBX 8 ($0.11) per share, with a total value of £24,000 ($31,566.49). In the last ninety days, insiders acquired 900,000 shares of company stock worth $7,700,000.

Zenith Energy Company Profile

Zenith Energy Ltd., together with its subsidiaries, explores for, develops, and produces oil and natural gas in Azerbaijan and Italy. It explores for oil and gas in central Asia; and produces electricity and condensate. The company holds interests in three petroleum producing onshore fields, as well as gas producing assets in the Republic of Azerbaijan.

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