New Zealand Energy (CVE:NZ) Trading Down 7.4% – Should You Sell?

New Zealand Energy Corp. (CVE:NZGet Free Report)’s stock price traded down 7.4% during mid-day trading on Monday . The company traded as low as C$0.95 and last traded at C$1.00. 101,701 shares were traded during mid-day trading, an increase of 769% from the average session volume of 11,702 shares. The stock had previously closed at C$1.08.

New Zealand Energy Stock Down 1.0 %

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 company has a market capitalization of C$14.84 million, a price-to-earnings ratio of -4.30 and a beta of 2.71. The firm has a 50-day moving average price of C$0.79 and a two-hundred day moving average price of C$0.78.

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.

Featured Articles

Receive News & Ratings for New Zealand Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Zealand Energy and related companies with MarketBeat.com's FREE daily email newsletter.