New Zealand Energy (CVE:NZ) Trading Down 21.1% – Should You Sell?

New Zealand Energy Corp. (CVE:NZGet Free Report)’s share price fell 21.1% during mid-day trading on Tuesday . The stock traded as low as C$0.35 and last traded at C$0.36. 186,715 shares were traded during trading, an increase of 653% from the average session volume of 24,786 shares. The stock had previously closed at C$0.45.

New Zealand Energy Price Performance

The company has a market capitalization of C$13.62 million, a price-to-earnings ratio of -0.61 and a beta of 4.19. The company has a 50-day moving average price of C$0.31 and a 200-day moving average price of C$0.28. The company has a debt-to-equity ratio of 41.83, a quick ratio of 0.45 and a current ratio of 3.36.

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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