New Zealand Energy (CVE:NZ) Stock Passes Above Two Hundred Day Moving Average of $0.75

New Zealand Energy Corp. (CVE:NZGet Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.75 and traded as high as C$1.15. New Zealand Energy shares last traded at C$1.15, with a volume of 5,800 shares changing hands.

New Zealand Energy Stock Performance

The company has a debt-to-equity ratio of 145.52, a current ratio of 0.33 and a quick ratio of 0.45. The stock has a market cap of C$9.57 million, a price-to-earnings ratio of 5.75 and a beta of 2.90. The stock’s 50-day moving average is C$0.81 and its 200 day moving average is C$0.75.

New Zealand Energy Company Profile

(Get Free Report)

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.

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