East West Petroleum (CVE:EW) Shares Down 15.4%

East West Petroleum Corp (CVE:EW) fell 15.4% on Monday . The company traded as low as C$0.06 and last traded at C$0.06, 199,000 shares traded hands during trading. An increase of 191% from the average session volume of 68,468 shares. The stock had previously closed at C$0.07.

The firm has a market cap of $5.82 million and a price-to-earnings ratio of -5.42. The firm’s fifty day moving average is C$0.05 and its 200-day moving average is C$0.06.

East West Petroleum (CVE:EW) last issued its quarterly earnings results on Wednesday, November 27th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$0.36 million for the quarter.

About East West Petroleum (CVE:EW)

East West Petroleum Corp. engages in the acquisition, exploration, development, and production of oil and gas properties primarily 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 4,079 square kilometres in Romania.

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