Zegona snaps back, but debt pressure stays in focus after shares fell this week
Zegona Communications plc finished the week higher, but the stock remains stuck between a quick price move and a more straightforward debt position. The shares traded at 1,567.95p in London as of 5:00 p.m. on July 3, up 17.95p for the session. Google Finance showed volume at 1.01 million shares and a market cap of around £3.53 billion. Zegona shares came under pressure earlier this week. A London Stock Exchange tear sheet for July 2 showed the stock down 8.61% over the past week and off 14.36% in four weeks. Still, the stock was up 115.88% over the past year and 11.11% so far this year.