New Zealand Energy Corp. (CVE:NZ – Get Free Report)’s share price dropped 17.4% during trading on Saturday . The stock traded as low as C$0.19 and last traded at C$0.19. Approximately 116,250 shares were traded during trading, an increase of 375% from the average daily volume of 24,460 shares. The stock had previously closed at C$0.23.
New Zealand Energy Stock Performance
The company has a current ratio of 3.36, a quick ratio of 0.45 and a debt-to-equity ratio of 41.83. The firm has a market capitalization of C$2.85 million, a price-to-earnings ratio of -0.83 and a beta of 2.71. The company has a 50-day moving average of C$0.25 and a 200-day moving average of C$0.40.
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.
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