New Zealand Energy Corp. (CVE:NZ – Get Free Report)’s stock price shot up 15.3% during mid-day trading on Wednesday . The company traded as high as C$0.50 and last traded at C$0.49. Approximately 126,500 shares traded hands during trading, an increase of 141% from the average session volume of 52,395 shares. The stock had previously closed at C$0.42.
New Zealand Energy Price Performance
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 stock’s 50 day moving average price is C$0.44 and its two-hundred day moving average price is C$0.41. The firm has a market capitalization of C$26.26 million, a price-to-earnings ratio of -1.96 and a beta of 3.93.
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. It also operates midstream assets. The company was founded in 2010 and is based in New Plymouth, New Zealand.
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