New Stratus Energy Inc. (CVE:NSE – Get Free Report) dropped 5.6% on Wednesday. The stock traded as low as C$0.66 and last traded at C$0.67. 143,500 shares were traded during trading, a decline of 37% from the average session volume of 228,459 shares. The stock had previously closed at C$0.71.
New Stratus Energy Stock Performance
The business has a fifty day moving average of C$0.73 and a 200-day moving average of C$0.70. The company has a market capitalization of C$96.87 million, a P/E ratio of -3.89 and a beta of 1.47.
About New Stratus Energy
New Stratus Energy Inc engages in the acquisition, exploration, and development of oil and gas properties principally in Latin America. It has a farm-in agreement to acquire 100% interests in Block VMM-18 located in Cuenca Valle Medio del Magdalena, Colombia; and operates Blocks 16 and 67 oil consortiums located in Ecuador. The company was formerly known as Red Rock Energy Inc and changed its name to New Stratus Energy Inc in August 2017. New Stratus Energy Inc was incorporated in 2005 and is based in Calgary, Canada.
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