New Zealand Energy (CVE:NZ) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of New Zealand Energy Corp. (CVE:NZGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.26 and traded as high as C$0.28. New Zealand Energy shares last traded at C$0.28, with a volume of 18,000 shares trading hands.

New Zealand Energy Stock Performance

The business has a 50 day moving average price of C$0.22 and a 200 day moving average price of C$0.26. The stock has a market capitalization of C$10.74 million, a PE ratio of -0.61 and a beta of 3.97. The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45.

New Zealand Energy Company Profile

(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. It also operates midstream assets. The company was founded in 2010 and is based in New Plymouth, New Zealand.

Further Reading

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