Shares of New Zealand Energy Corp. (CVE:NZ – Get Free Report) fell 21.1% during mid-day trading on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.36. 186,715 shares were traded during trading, an increase of 653% from the average session volume of 24,786 shares. The stock had previously closed at C$0.45.
New Zealand Energy Stock Down 12.7%
The stock has a market capitalization of C$11.89 million, a P/E ratio of -0.53 and a beta of 4.19. The firm’s fifty day moving average is C$0.31 and its 200-day moving average is C$0.28. The company has a current ratio of 3.36, a quick ratio of 0.45 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.
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