Toby Robert Pierce Acquires 40,000 Shares of New Zealand Energy (CVE:NZ) Stock

New Zealand Energy Corp. (CVE:NZ) Director Toby Robert Pierce bought 40,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were acquired at an average cost of C$0.40 per share, for a total transaction of C$16,000.00. Following the transaction, the director directly owned 1,405,000 shares in the company, valued at approximately C$562,000. This represents a 2.93% increase in their position.

New Zealand Energy Stock Performance

Shares of NZ opened at C$0.40 on Friday. The stock has a 50 day moving average price of C$0.43 and a 200 day moving average price of C$0.44. 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$22.35 million, a price-to-earnings ratio of -2.86 and a beta of 4.13. New Zealand Energy Corp. has a 52-week low of C$0.18 and a 52-week high of C$0.67.

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.