East West Petroleum (CVE:EW) Trading 28.6% Higher – Here’s What Happened

East West Petroleum Corp. (CVE:EW)’s stock price traded up 28.6% on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 262,427 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 197,152 shares. The stock had previously closed at C$0.04.

East West Petroleum Stock Performance

The firm has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.05. The company has a market cap of C$4.52 million, a P/E ratio of 2.50 and a beta of 1.62.

East West Petroleum Company Profile

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.