New Zealand Energy Corp. (CVE:NZ – Get Free Report) fell 23.9% during mid-day trading on Thursday . The company traded as low as C$0.26 and last traded at C$0.27. 111,150 shares traded hands during mid-day trading, an increase of 335% from the average session volume of 25,557 shares. The stock had previously closed at C$0.36.
New Zealand Energy Stock Down 16.7%
The company has a quick ratio of 0.45, a current ratio of 3.36 and a debt-to-equity ratio of 41.83. The company has a market capitalization of C$8.63 million, a price-to-earnings ratio of -0.39 and a beta of 4.58. The business has a 50-day moving average price of C$0.31 and a 200-day moving average price of C$0.28.
About New Zealand Energy
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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