New Zealand Energy Corp. (CVE:NZ – Get Free Report)’s share price traded up 15.3% during trading on Wednesday . The company traded as high as C$0.50 and last traded at C$0.49. Approximately 126,500 shares were traded during mid-day trading, an increase of 141% from the average daily volume of 52,395 shares. The stock had previously closed at C$0.42.
New Zealand Energy Stock Performance
The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45. The stock has a market cap of C$27.38 million, a price-to-earnings ratio of -2.04 and a beta of 3.93. The company’s fifty day simple moving average is C$0.45 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. It also operates midstream assets. The company was founded in 2010 and is based in New Plymouth, New Zealand.
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