New Zealand Energy (CVE:NZ) Reaches New 12-Month High – Time to Buy?

Shares of New Zealand Energy Corp. (CVE:NZ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.45 and last traded at C$0.45, with a volume of 10250 shares. The stock had previously closed at C$0.44.

New Zealand Energy Trading Up 2.3%

The company has a market capitalization of C$25.14 million, a P/E ratio of -0.98 and a beta of 2.66. The stock’s 50 day moving average is C$0.33 and its 200-day moving average is C$0.29. 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

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.