Shares of East West Petroleum Corp. (CVE:EW – Get Free Report) shot up 28.6% during mid-day trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. 262,427 shares traded hands during mid-day trading, an increase of 33% from the average session volume of 197,152 shares. The stock had previously closed at C$0.04.
East West Petroleum Stock Performance
The company has a market capitalization of C$4.52 million, a PE ratio of 2.50 and a beta of 1.62. The stock has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05.
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.
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