New Zealand Energy Corp. (CVE:NZ – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.67 and last traded at C$0.60, with a volume of 228803 shares changing hands. The stock had previously closed at C$0.60.
New Zealand Energy Stock Performance
The company has a quick ratio of 0.45, a current ratio of 3.36 and a debt-to-equity ratio of 41.83. The company’s 50-day moving average is C$0.41 and its 200-day moving average is C$0.31. The stock has a market capitalization of C$33.52 million, a price-to-earnings ratio of -1.30 and a beta of 3.12.
About New Zealand Energy
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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