Shares of New Zealand Energy Corp. (CVE:NZ – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.63 and traded as high as C$0.80. New Zealand Energy shares last traded at C$0.80, with a volume of 39,000 shares traded.
New Zealand Energy Stock Performance
The company has a market cap of C$6.66 million, a P/E ratio of 4.00 and a beta of 2.90. The company has a quick ratio of 0.45, a current ratio of 0.33 and a debt-to-equity ratio of 145.52. The company has a 50 day moving average price of C$0.76 and a 200-day moving average price of C$0.63.
About New Zealand Energy
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.
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