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

New Zealand Energy Corp. (CVE:NZ) was down 21.1% during mid-day trading on Wednesday . The company traded as low as C$0.35 and last traded at C$0.36. Approximately 186,715 shares traded 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 Stock Down 16.7%

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

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.