East West Petroleum Corp. (CVE:EW – Get Free Report)’s stock price was up 13.5% during mid-day trading on Friday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 5,500 shares changed hands during trading, a decline of 58% from the average daily volume of 13,064 shares. The stock had previously closed at C$0.19.
East West Petroleum Trading Up 13.5%
The firm has a market cap of C$1.90 million, a price-to-earnings ratio of -3.00 and a beta of 0.99. The stock has a 50-day moving average of C$0.17 and a 200-day moving average of C$0.20.
About East West Petroleum
East West Petroleum Corp., a junior oil and gas company, engages in the exploration, development, and production of oil and gas properties in New Zealand and Romania. It holds interest in a 30% interest in the Cheal-E site mining permit in the Taranaki Basin, New Zealand; and four exploration blocks covering an area of 1,007,500 acres in Pannonian Basin of western Romania. The company was formerly known as Avere Energy Inc and changed its name to East West Petroleum Corp. in August 2010. East West Petroleum Corp.
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