New Zealand Energy (CVE:NZ) Trading Down 21.1% – Here’s What Happened

by · The Cerbat Gem

New Zealand Energy Corp. (CVE:NZ – Get Free Report)’s share price dropped 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 were traded 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 Trading Down 16.7%

The stock has a fifty day moving average of C$0.31 and a two-hundred day moving average of C$0.28. The company has a market capitalization of C$8.63 million, a PE ratio of -0.39 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.

About New Zealand Energy

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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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