East West Petroleum (CVE:EW) Trading Down 12.5% – Should You Sell?

East West Petroleum Corp. (CVE:EW)’s share price traded down 12.5% during trading on Friday . The company traded as low as C$0.14 and last traded at C$0.14. 121,060 shares traded hands during trading, an increase of 845% from the average session volume of 12,807 shares. The stock had previously closed at C$0.16.

East West Petroleum Trading Down 12.5%

The stock has a market cap of C$1.27 million, a price-to-earnings ratio of -2.00 and a beta of 0.69. The firm’s 50 day moving average is C$0.19 and its two-hundred day moving average is C$0.20.

About East West Petroleum

East West Petroleum Corp., a junior oil and gas company, engages in the exploration, development, and production of oil and gas properties in New Zealand and Romania. It holds interest in a 30% interest in the Cheal-E site mining permit in the Taranaki Basin, New Zealand; and four exploration blocks covering an area of 1,007,500 acres in Pannonian Basin of western Romania. The company was formerly known as Avere Energy Inc and changed its name to East West Petroleum Corp. in August 2010. East West Petroleum Corp.