New Zealand Energy (CVE:NZ) Stock Crosses Above 200 Day Moving Average – Should You Sell?

New Zealand Energy Corp. (CVE:NZ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.86 and traded as high as C$1.05. New Zealand Energy shares last traded at C$1.05, with a volume of 3,800 shares changing hands.

New Zealand Energy Stock Performance

The company has a quick ratio of 0.45, a current ratio of 3.36 and a debt-to-equity ratio of 41.83. The stock has a market cap of C$14.99 million, a P/E ratio of -4.35 and a beta of 2.71. The firm’s 50-day moving average is C$0.88 and its two-hundred day moving average is C$0.86.

New Zealand Energy (CVE:NZ) last posted its earnings results on Wednesday, August 28th. The company reported C($0.08) EPS for the quarter. New Zealand Energy had a negative return on equity of 72.10% and a negative net margin of 229.86%. The business had revenue of C$0.30 million for the quarter. As a group, research analysts expect that New Zealand Energy Corp. will post 0.9340659 EPS for the current year.

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.