New Zealand Energy (CVE:NZ) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

New Zealand Energy Corp. (CVE:NZGet Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.26 and traded as low as C$0.21. New Zealand Energy shares last traded at C$0.21, with a volume of 1,110 shares traded.

New Zealand Energy Stock Down 2.3%

The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45. The stock has a 50 day simple moving average of C$0.26 and a 200-day simple moving average of C$0.26. The firm has a market cap of C$8.06 million, a PE ratio of -0.46 and a beta of 4.34.

About New Zealand Energy

(Get Free Report)

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. It also operates midstream assets. The company was founded in 2010 and is based in New Plymouth, New Zealand.

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