Shares of New Zealand Energy Corp. (CVE:NZ – Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$0.41 and traded as high as C$0.42. New Zealand Energy shares last traded at C$0.42, with a volume of 2,500 shares traded.
New Zealand Energy Stock Up 6.3%
The firm has a market capitalization of C$23.47 million, a price-to-earnings ratio of -3.00 and a beta of 3.70. The stock has a 50 day moving average of C$0.42 and a 200 day moving average of C$0.41. The company has a quick ratio of 0.45, a current ratio of 3.36 and a debt-to-equity ratio of 41.83.
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.
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