New Zealand Energy (CVE:NZ) Director Toby Robert Pierce Acquires 50,000 Shares

New Zealand Energy Corp. (CVE:NZ) Director Toby Robert Pierce purchased 50,000 shares of the business’s stock in a transaction on Thursday, November 27th. The stock was bought at an average cost of C$0.24 per share, with a total value of C$12,000.00. Following the purchase, the director owned 390,000 shares in the company, valued at approximately C$93,600. This represents a 14.71% increase in their ownership of the stock.

New Zealand Energy Price Performance

Shares of New Zealand Energy stock opened at C$0.23 on Friday. The firm has a market capitalization of C$8.83 million, a PE ratio of -0.50 and a beta of 4.34. New Zealand Energy Corp. has a 12 month low of C$0.18 and a 12 month high of C$1.11. The business’s 50-day moving average price is C$0.27 and its 200-day moving average price is C$0.27. The company has a current ratio of 3.36, a quick ratio of 0.45 and a debt-to-equity ratio of 41.83.

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. It also operates midstream assets. The company was founded in 2010 and is based in New Plymouth, New Zealand.