East West Petroleum Corp. (CVE:EW – Get Free Report) dropped 14.3% during mid-day trading on Saturday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 1,193,594 shares traded hands during trading, an increase of 867% from the average daily volume of 123,449 shares. The stock had previously closed at C$0.04.
East West Petroleum Price Performance
The company’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The stock has a market capitalization of C$271,470.00, a P/E ratio of -0.30 and a beta of 0.59.
About East West Petroleum
East West Petroleum Corp., a junior oil and gas company, engages in the exploration, development, and production of oil and gas properties in New Zealand and Romania. It holds interest in a 30% interest in the Cheal-E site mining permit in the Taranaki Basin, New Zealand; and four exploration blocks covering an area of 1,007,500 acres in Pannonian Basin of western Romania.
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