New Zealand Energy (CVE:NZ) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Shares of New Zealand Energy Corp. (CVE:NZGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.56 and traded as low as C$0.24. New Zealand Energy shares last traded at C$0.26, with a volume of 45,220 shares trading hands.

New Zealand Energy Trading Down 8.8 %

The company has a 50 day moving average of C$0.29 and a 200-day moving average of C$0.56. The stock has a market cap of C$3.90 million, a price-to-earnings ratio of -1.13 and a beta of 2.71. The company has a debt-to-equity ratio of 41.83, a quick ratio of 0.45 and a current ratio of 3.36.

About New Zealand Energy

(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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