East West Petroleum (CVE:EW) Shares Up 2.3% – Should You Buy?

East West Petroleum Corp. (CVE:EWGet Free Report) traded up 2.3% during mid-day trading on Friday . The company traded as high as C$0.22 and last traded at C$0.22. 5,100 shares were traded during trading, a decline of 65% from the average session volume of 14,452 shares. The stock had previously closed at C$0.22.

East West Petroleum Price Performance

The business has a fifty day moving average of C$0.24 and a 200 day moving average of C$0.12. The stock has a market cap of C$1.99 million, a PE ratio of -5.50 and a beta of 0.80.

East West Petroleum Company Profile

(Get Free Report)

East West Petroleum Corp., a junior oil and gas company, engages in the exploration, development, and production of oil and gas properties in New Zealand and Romania. It holds interest in a 30% interest in the Cheal-E site mining permit in the Taranaki Basin, New Zealand; and four exploration blocks covering an area of 1,007,500 acres in Pannonian Basin of western Romania. The company was formerly known as Avere Energy Inc and changed its name to East West Petroleum Corp. in August 2010. East West Petroleum Corp.

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