New Zealand Energy (CVE:NZ) Stock Price Down 6.8% – Should You Sell?

by · The Cerbat Gem

New Zealand Energy Corp. (CVE:NZ – Get Free Report)’s stock price traded down 6.8% during trading on Friday . The company traded as low as C$0.21 and last traded at C$0.21. 202,300 shares traded hands during mid-day trading, an increase of 681% from the average session volume of 25,915 shares. The stock had previously closed at C$0.22.

New Zealand Energy Stock Performance

The firm has a market cap of C$7.67 million, a PE ratio of -0.34 and a beta of 4.58. The stock has a 50-day moving average price of C$0.30 and a 200 day moving average price of C$0.27. The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45.

New Zealand Energy Company Profile

(Get Free Report)

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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