New Zealand Energy (CVE:NZ) Share Price Crosses Above 200 Day Moving Average – What’s Next?

New Zealand Energy Corp. (CVE:NZ)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.78 and traded as high as C$0.98. New Zealand Energy shares last traded at C$0.98, with a volume of 8,300 shares.

New Zealand Energy Price Performance

The company has a fifty day simple moving average of C$0.77 and a 200-day simple moving average of C$0.78. The company has a market cap of C$14.09 million, a P/E ratio of -4.09 and a beta of 2.71. The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45.

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.