East West Petroleum Corp. (CVE:EW – Get Free Report) shares dropped 12.5% during trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. 242,314 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 165,061 shares. The stock had previously closed at C$0.04.
East West Petroleum Trading Up 28.6 %
The company has a market capitalization of C$4.07 million, a P/E ratio of 2.25 and a beta of 1.62. The stock’s fifty day moving average is C$0.04 and its 200 day moving average is C$0.05.
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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