New Zealand Energy (CVE:NZ) Stock Price Down 23.9% – Time to Sell?

New Zealand Energy Corp. (CVE:NZGet Free Report)’s share price traded down 23.9% during mid-day trading 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 Price Performance

The stock’s fifty day moving average price is C$0.31 and its 200-day moving average price is C$0.28. The firm has a market cap of C$8.63 million, a PE ratio of -0.39 and a beta of 4.58. The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45.

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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