East West Petroleum (CVE:EW) Trading Down 10% – Here’s Why

East West Petroleum Corp. (CVE:EWGet Free Report)’s stock price traded down 10% during trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. 281,570 shares traded hands during trading, an increase of 46% from the average session volume of 192,514 shares. The stock had previously closed at C$0.05.

East West Petroleum Trading Down 10.0 %

The stock has a market capitalization of C$4.07 million, a price-to-earnings ratio of 2.25 and a beta of 1.62. The firm has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.05.

About East West Petroleum

(Get Free Report)

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.

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