New Zealand Energy Corp. (CVE:NZ – Get Free Report) fell 23.9% on Thursday . The company traded as low as C$0.26 and last traded at C$0.27. 111,150 shares traded hands during trading, an increase of 335% from the average session volume of 25,557 shares. The stock had previously closed at C$0.36.
New Zealand Energy Trading Down 23.9%
The firm has a market capitalization of C$10.36 million, a P/E ratio of -0.47 and a beta of 4.58. The business’s 50 day moving average is C$0.31 and its two-hundred day moving average is 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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