New Zealand Energy Corp. (CVE:NZ – Get Free Report) traded down 17.8% on Tuesday . The company traded as low as C$0.35 and last traded at C$0.37. 119,000 shares changed hands during trading, an increase of 392% from the average session volume of 24,176 shares. The stock had previously closed at C$0.45.
New Zealand Energy Stock Performance
The company has a market cap of C$13.62 million, a P/E ratio of -0.61 and a beta of 4.19. The stock has a 50 day moving average price of C$0.31 and a two-hundred day moving average price of C$0.28. The company has a quick ratio of 0.45, a current ratio of 3.36 and a debt-to-equity ratio of 41.83.
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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