New Zealand Energy Corp. (CVE:NZ – Get Free Report) dropped 6.8% on Friday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 202,300 shares were traded during trading, an increase of 681% from the average daily volume of 25,915 shares. The stock had previously closed at C$0.22.
New Zealand Energy Stock Down 9.1%
The business has a 50-day moving average of C$0.30 and a 200-day moving average of C$0.27. The company has a debt-to-equity ratio of 41.83, a quick ratio of 0.45 and a current ratio of 3.36. The stock has a market capitalization of C$7.67 million, a price-to-earnings ratio of -0.34 and a beta of 4.58.
New Zealand Energy Company Profile
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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