New Zealand Energy Corp. (CVE:NZ – Get Free Report)’s share price dropped 21.1% during mid-day trading on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.36. Approximately 186,715 shares changed hands during mid-day trading, an increase of 653% from the average daily volume of 24,786 shares. The stock had previously closed at C$0.45.
New Zealand Energy Stock Down 21.1%
The stock has a market cap of C$10.74 million, a P/E ratio of -0.48 and a beta of 4.19. The company’s fifty day moving average price is C$0.31 and its 200-day moving average price is C$0.28. The company has a debt-to-equity ratio of 41.83, a quick ratio of 0.45 and a current ratio of 3.36.
About New Zealand Energy
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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