New Zealand Energy Corp. (CVE:NZ – Get Free Report) dropped 21.1% on Wednesday . The company traded as low as C$0.35 and last traded at C$0.36. Approximately 186,715 shares traded hands during mid-day trading, an increase of 653% from the average daily volume of 24,786 shares. The stock had previously closed at C$0.45.
New Zealand Energy Price Performance
The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45. The stock has a 50 day moving average price of C$0.31 and a two-hundred day moving average price of C$0.28. The firm has a market capitalization of C$13.62 million, a price-to-earnings ratio of -0.61 and a beta of 4.19.
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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