New Zealand Energy (CVE:NZ) Stock Price Down 23.9% – Should You Sell?

New Zealand Energy Corp. (CVE:NZGet Free Report) shares traded down 23.9% during mid-day trading on Wednesday . The company traded as low as C$0.26 and last traded at C$0.27. 111,150 shares traded hands during trading, an increase of 335% from the average session volume of 25,557 shares. The stock had previously closed at C$0.36.

New Zealand Energy Trading Down 23.9%

The stock has a market cap of C$10.36 million, a P/E ratio of -0.47 and a beta of 4.58. The company has a debt-to-equity ratio of 41.83, a quick ratio of 0.45 and a current ratio of 3.36. The stock has a 50-day moving average price of C$0.31 and a 200-day moving average price of C$0.28.

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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