Shares of New Zealand Energy Corp. (CVE:NZ – Get Free Report) traded down 21.1% during trading on Wednesday . The company traded as low as C$0.35 and last traded at C$0.36. 186,715 shares changed hands during mid-day 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 Trading Down 16.7%
The business’s 50-day simple moving average is C$0.31 and its two-hundred day simple moving average is C$0.28. The company has a current ratio of 3.36, a quick ratio of 0.45 and a debt-to-equity ratio of 41.83. The company has a market capitalization of C$8.63 million, a PE ratio of -0.39 and a beta of 4.58.
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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