New Zealand Energy (CVE:NZ) Stock Price Down 23.9% – Here’s Why

New Zealand Energy Corp. (CVE:NZGet Free Report)’s stock price fell 23.9% on Thursday . The company traded as low as C$0.26 and last traded at C$0.27. 111,150 shares changed 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 Stock Performance

The stock’s 50-day moving average price is C$0.31 and its 200-day moving average price 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 P/E ratio of -0.39 and a beta of 4.58.

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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