New Zealand Energy (CVE:NZ) Stock Passes Above 200-Day Moving Average of $0.09

New Zealand Energy Corp. (CVE:NZ) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.09 and traded as high as C$0.99. New Zealand Energy shares last traded at C$0.99, with a volume of 566 shares.

New Zealand Energy Stock Performance

The company has a debt-to-equity ratio of 115.49, a current ratio of 0.32 and a quick ratio of 0.45. The company’s fifty day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.09. The stock has a market cap of C$2.30 million, a price-to-earnings ratio of 4.13 and a beta of 1.93.

New Zealand Energy (CVE:NZ) last announced its earnings results on Tuesday, August 29th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$0.52 million during the quarter. New Zealand Energy had a net margin of 14.93% and a return on equity of 27.18%. On average, analysts forecast that New Zealand Energy Corp. will post -0.02 earnings per share for the current year.

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.