New Stratus Energy (CVE:NSE) Stock Jumps 9.1% – Should You Buy?

New Stratus Energy Inc. (CVE:NSE – Get Free Report) traded up 9.1% on Tuesday. The company traded as high as C$0.72 and last traded at C$0.72. Approximately 234,600 shares traded hands during trading, an increase of 9% from the average session volume of 215,263 shares. The stock had previously closed at C$0.66.

New Stratus Energy Trading Up 9.1%

The company has a fifty day simple moving average of C$0.73 and a 200-day simple moving average of C$0.66. The company has a market capitalization of C$99.64 million, a PE ratio of -4.00 and a beta of 1.41.

New Stratus Energy Company Profile

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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.

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