New Zealand Energy Corp. (CVE:NZ – Get Free Report)’s stock price dropped 21.1% on Tuesday . The stock traded as low as C$0.35 and last traded at C$0.36. Approximately 186,715 shares were traded during trading, an increase of 653% from the average daily volume of 24,786 shares. The stock had previously closed at C$0.45.
New Zealand Energy Trading Down 21.1%
The company has a debt-to-equity ratio of 41.83, a quick ratio of 0.45 and a current ratio of 3.36. The firm has a 50 day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.28. The firm has a market capitalization of C$13.62 million, a P/E ratio of -0.61 and a beta of 4.19.
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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