New Zealand Energy (CVE:NZ) Stock Price Down 21.1% – What’s Next?

by · The Markets Daily

New Zealand Energy Corp. (CVE:NZ – Get Free Report)’s stock price fell 21.1% on Tuesday . The company traded as low as C$0.35 and last traded at C$0.36. 186,715 shares traded hands during mid-day trading, an increase of 653% from the average session volume of 24,786 shares. The stock had previously closed at C$0.45.

New Zealand Energy Stock Performance

The company has a market capitalization of C$13.62 million, a P/E ratio of -0.61 and a beta of 4.19. The company’s 50 day moving average is C$0.31 and its 200-day moving average is C$0.28. 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

(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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