New Zealand Energy (CVE:NZ) Stock Price Down 21.1% – Should You Sell?

New Zealand Energy Corp. (CVE:NZGet Free Report)’s stock price was down 21.1% during 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 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 Price Performance

The company has a 50 day simple moving average of C$0.31 and a 200 day simple moving average of C$0.28. The company has a market capitalization of C$8.63 million, a price-to-earnings ratio of -0.39 and a beta of 4.58. The company has a quick ratio of 0.45, a current ratio of 3.36 and a debt-to-equity ratio of 41.83.

About New Zealand Energy

(Get Free Report)

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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