East West Petroleum Corp. (CVE:EW – Get Free Report)’s stock price shot up 7% during trading on Tuesday . The company traded as high as C$0.23 and last traded at C$0.23. 1,450 shares were traded during mid-day trading, a decline of 81% from the average session volume of 7,699 shares. The stock had previously closed at C$0.22.
East West Petroleum Stock Performance
The firm has a fifty day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.15. The firm has a market cap of C$2.08 million, a PE ratio of -5.75 and a beta of 0.83.
About East West Petroleum
East West Petroleum Corp., a junior oil and gas company, engages in the exploration, development, and production of oil and gas properties 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 1,007,500 acres in Pannonian Basin of western Romania. The company was formerly known as Avere Energy Inc and changed its name to East West Petroleum Corp. in August 2010. East West Petroleum Corp.
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