East West Petroleum Corp. (CVE:EW – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 4,503 shares changing hands. The stock had previously closed at C$0.13.
East West Petroleum Stock Performance
The business has a 50 day moving average of C$0.16 and a two-hundred day moving average of C$0.16. The stock has a market capitalization of C$2.07 million, a PE ratio of -4.17 and a beta of 1.70.
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.
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