New Zealand Energy Corp. (CVE:NZ – Get Free Report) shares traded down 23.9% during trading on Thursday . The company traded as low as C$0.26 and last traded at C$0.27. 111,150 shares changed 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 Stock Performance
The stock 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 cap of C$10.36 million, a price-to-earnings ratio of -0.47 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
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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