New Zealand Energy Corp. (CVE:NZ – Get Free Report) dropped 17.4% during mid-day trading on Friday . The company traded as low as C$0.19 and last traded at C$0.19. Approximately 116,250 shares were traded during trading, an increase of 375% from the average daily volume of 24,460 shares. The stock had previously closed at C$0.23.
New Zealand Energy Price Performance
The company has a quick ratio of 0.45, a current ratio of 3.36 and a debt-to-equity ratio of 41.83. The stock has a market cap of C$2.85 million, a P/E ratio of -0.83 and a beta of 2.71. The business’s 50-day simple moving average is C$0.25 and its two-hundred day simple moving average is C$0.41.
About New Zealand Energy
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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