New Zealand Energy Corp. (CVE:NZ – Get Free Report) shares fell 17.8% during mid-day trading on Tuesday . The stock traded as low as C$0.35 and last traded at C$0.37. 119,000 shares were traded during trading, an increase of 392% from the average session volume of 24,176 shares. The stock had previously closed at C$0.45.
New Zealand Energy Stock Down 21.1%
The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45. The firm has a 50-day moving average of C$0.31 and a 200 day moving average of C$0.28. The stock has a market capitalization of C$13.62 million, a price-to-earnings 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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