New Zealand Energy Corp. (CVE:NZ – Get Free Report) shares fell 23.9% during mid-day trading on Thursday . The stock 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 Trading Down 16.7%
The company’s 50 day moving average price is C$0.31 and its 200 day moving average price is C$0.28. 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 firm has a market cap of C$8.63 million, a PE ratio of -0.39 and a beta of 4.58.
New Zealand Energy Company Profile
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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