Oceanic Wind Energy (CVE:NKW) Stock Price Down 6.3% – Here’s Why

Oceanic Wind Energy Inc. (CVE:NKWGet Free Report)’s share price fell 6.3% on Friday . The stock traded as low as C$0.15 and last traded at C$0.15. 94,500 shares traded hands during trading, an increase of 86% from the average session volume of 50,692 shares. The stock had previously closed at C$0.16.

Oceanic Wind Energy Stock Performance

The stock’s fifty day moving average price is C$0.15 and its 200-day moving average price is C$0.15. The company has a market capitalization of C$11.50 million and a P/E ratio of -75.00.

About Oceanic Wind Energy

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Oceanic Wind Energy Inc develops renewable energy projects in Canada. It is developing an offshore wind energy project located in the Hecate Strait off the north coast of British Columbia. The company was formerly known as NaiKun Wind Energy Group Inc and changed its name to Oceanic Wind Energy Inc in May 2020.

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