New Zealand Energy Corp. (CVE:NZ – Get Free Report)’s share price traded down 23.9% on Thursday . The stock traded as low as C$0.26 and last traded at C$0.27. 111,150 shares traded 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 Stock Down 16.7%
The company has a current ratio of 3.36, a quick ratio of 0.45 and a debt-to-equity ratio of 41.83. The firm has a market capitalization of C$8.63 million, a P/E ratio of -0.39 and a beta of 4.58. The stock’s 50-day simple moving average is C$0.31 and its 200-day simple moving average is C$0.28.
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.
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