New Zealand Energy Corp. (CVE:NZ – Get Free Report)’s stock price shot up 15.3% on Wednesday . The company traded as high as C$0.50 and last traded at C$0.49. 126,500 shares changed hands during trading, an increase of 141% from the average daily volume of 52,395 shares. The stock had previously closed at C$0.42.
New Zealand Energy Stock Performance
The company has a quick ratio of 0.45, a current ratio of 3.36 and a debt-to-equity ratio of 41.83. The company has a market capitalization of C$27.38 million, a PE ratio of -2.04 and a beta of 3.93. The company has a 50-day moving average price of C$0.45 and a two-hundred day moving average price of C$0.41.
About New Zealand Energy
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. It also operates midstream assets. The company was founded in 2010 and is based in New Plymouth, New Zealand.
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