New Zealand Energy Corp. (CVE:NZ – Get Free Report) shares traded down 17.8% on Tuesday . The stock traded as low as C$0.35 and last traded at C$0.37. 119,000 shares traded hands during trading, an increase of 392% from the average session volume of 24,176 shares. The stock had previously closed at C$0.45.
New Zealand Energy Price Performance
The business has a fifty day simple moving average of C$0.31 and a 200 day simple moving average of C$0.28. The firm has a market cap of C$10.36 million, a price-to-earnings ratio of -0.47 and a beta of 4.58. The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45.
New Zealand Energy Company Profile
New Zealand Energy Corp., together with its subsidiaries, engages in the exploration and production of oil and natural gas in New Zealand. It holds interests in three petroleum mining licenses, one petroleum mining permit, and one petroleum exploration permit. The company has interests in TWN Petroleum Mining Licenses comprising Waihapa/Ngaere, and Tariki; Copper Moki petroleum mining permit; and Eltham Petroleum exploration permit.
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