New Zealand Energy Corp. (CVE:NZ – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.31 and traded as high as C$0.60. New Zealand Energy shares last traded at C$0.60, with a volume of 22,000 shares trading hands.
New Zealand Energy Trading Up 9.1%
The company has a debt-to-equity ratio of 41.83, a quick ratio of 0.45 and a current ratio of 3.36. The company has a 50 day moving average of C$0.40 and a two-hundred day moving average of C$0.31. The stock has a market cap of C$33.52 million, a PE ratio of -1.30 and a beta of 3.12.
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. It also operates midstream assets. The company was founded in 2010 and is based in New Plymouth, New Zealand.
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