New Zealand Energy (CVE:NZ) Share Price Crosses Below 50 Day Moving Average of $0.02

New Zealand Energy Corp (CVE:NZ)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.02 and traded as low as $0.01. New Zealand Energy shares last traded at $0.01, with a volume of 62,000 shares traded.

The stock has a market cap of $4.64 million and a P/E ratio of -5.00. The company has a fifty day moving average of C$0.02. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.91.

New Zealand Energy Company Profile (CVE:NZ)

New Zealand Energy Corp., through its subsidiaries, engages in the acquisition, exploration, development, and production of conventional oil and natural gas resources in New Zealand. The company holds interests in three petroleum mining licenses, including Waihapa, Tariki, and Ngaere totalling 23,049 acres; Copper Moki petroleum mining permit covering 943.7 acres; and Eltham petroleum exploration permit located on the North Island in the Taranaki Basin.

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