New Zealand Energy Corp. (CVE:NZ – Get Free Report) shares were down 23.9% on Thursday . The company traded as low as C$0.26 and last traded at C$0.27. Approximately 111,150 shares traded hands during mid-day trading, an increase of 335% from the average daily volume of 25,557 shares. The stock had previously closed at C$0.36.
New Zealand Energy Trading Down 23.9%
The stock has a market capitalization of C$10.36 million, a P/E ratio of -0.47 and a beta of 4.58. The company has a current ratio of 3.36, a quick ratio of 0.45 and a debt-to-equity ratio of 41.83. The stock’s fifty day moving average price is C$0.31 and its two-hundred day moving average price is C$0.28.
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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