East West Petroleum (CVE:EW) Shares Down 28.6% – Should You Sell?

East West Petroleum Corp. (CVE:EWGet Free Report) fell 28.6% on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. 1,180,594 shares traded hands during mid-day trading, an increase of 909% from the average session volume of 116,995 shares. The stock had previously closed at C$0.04.

East West Petroleum Stock Performance

The company has a market capitalization of C$271,470.00, a price-to-earnings ratio of -3.00 and a beta of 0.28. The firm has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04.

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.

Further Reading

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