Shares of East West Petroleum Corp. (CVE:EW – Get Free Report) dropped 22.2% during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 153,099 shares changed hands during trading, an increase of 30% from the average daily volume of 117,369 shares. The stock had previously closed at C$0.05.
East West Petroleum Price Performance
The company’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.04. The company has a market cap of C$316,715.00, a P/E ratio of -3.50 and a beta of 0.28.
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.
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