New Stratus Energy (CVE:NSE) Shares Down 1.5% – Should You Sell?

Shares of New Stratus Energy Inc. (CVE:NSE) traded down 1.5% during mid-day trading on Thursday. The stock traded as low as C$0.66 and last traded at C$0.67. 188,433 shares were traded during mid-day trading, a decline of 13% from the average session volume of 216,832 shares. The stock had previously closed at C$0.68.

New Stratus Energy Trading Down 1.5%

The business’s fifty day moving average is C$0.73 and its 200 day moving average is C$0.66. The company has a market cap of C$92.72 million, a P/E ratio of -3.72 and a beta of 1.41.

About New Stratus Energy

New Stratus Energy Inc engages in the acquisition, exploration, and development of oil and gas properties principally in Latin America. It has a farm-in agreement to acquire 100% interests in Block VMM-18 located in Cuenca Valle Medio del Magdalena, Colombia; and operates Blocks 16 and 67 oil consortiums located in Ecuador. The company was formerly known as Red Rock Energy Inc and changed its name to New Stratus Energy Inc in August 2017. New Stratus Energy Inc was incorporated in 2005 and is based in Calgary, Canada.