Zoltav Resources (LON:ZOL) Trading Down 30% – Should You Sell?

Zoltav Resources Inc. (LON:ZOLGet Free Report)’s stock price was down 30% during trading on Thursday . The company traded as low as GBX 5 ($0.06) and last traded at GBX 10.50 ($0.13). Approximately 8,000 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 8,198 shares. The stock had previously closed at GBX 15 ($0.19).

Zoltav Resources Trading Down 30.0 %

The firm’s 50 day simple moving average is GBX 10.50 and its two-hundred day simple moving average is GBX 10.50. The stock has a market capitalization of £14.91 million and a P/E ratio of -2.10. The company has a quick ratio of 0.07, a current ratio of 0.10 and a debt-to-equity ratio of 114.58.

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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