East West Petroleum Corp. (CVE:EW – Get Free Report) shares were up 13.5% on Friday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 5,500 shares traded hands during trading, a decline of 58% from the average daily volume of 13,064 shares. The stock had previously closed at C$0.19.
East West Petroleum Stock Performance
The firm has a market cap of C$1.90 million, a P/E ratio of -3.00 and a beta of 0.99. The firm’s fifty day moving average price is C$0.17 and its 200 day moving average price is C$0.20.
East West Petroleum Company Profile
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.
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