New Zealand Energy (CVE:NZ) Director Buys 40,000 Shares of Stock

New Zealand Energy Corp. (CVE:NZ) Director Toby Robert Pierce bought 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were acquired at an average price of C$0.40 per share, with a total value of C$16,000.00. Following the purchase, the director owned 1,405,000 shares in the company, valued at C$562,000. This trade represents a 2.93% increase in their ownership of the stock.

New Zealand Energy Price Performance

Shares of New Zealand Energy stock remained flat at C$0.40 during midday trading on Friday. 2,000 shares of the stock traded hands, compared to its average volume of 52,572. The company’s fifty day moving average price is C$0.43 and its 200 day moving average price is C$0.44. The company has a market cap of C$22.35 million, a PE ratio of -2.86 and a beta of 4.13. The company has a current ratio of 3.36, a quick ratio of 0.45 and a debt-to-equity ratio of 41.83. New Zealand Energy Corp. has a twelve month low of C$0.18 and a twelve month high of C$0.67.

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.