Shares of East West Petroleum Corp. (CVE:EW – Get Free Report) rose 20% during mid-day trading on Wednesday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 117,000 shares were traded during mid-day trading, an increase of 231% from the average daily volume of 35,337 shares. The stock had previously closed at C$0.08.
East West Petroleum Trading Up 20.0 %
The stock has a market cap of C$8.06 million, a PE ratio of 5.50 and a beta of 1.88. The business has a 50-day moving average price of C$0.07 and a 200-day moving average price of C$0.06.
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.
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