East West Petroleum Corp. (CVE:EW – Get Free Report) reached a new 52-week low during trading on Wednesday. The stock traded as low as C$0.12 and last traded at C$0.12, with a volume of 4,503 shares trading hands. The stock had previously closed at C$0.13.
East West Petroleum Stock Down 7.7%
The firm has a market capitalization of C$1.99 million, a PE ratio of -4.00 and a beta of 1.70. The stock’s fifty day simple moving average is C$0.16 and its 200 day simple moving average is C$0.16.
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. The company was formerly known as Avere Energy Inc and changed its name to East West Petroleum Corp. in August 2010. East West Petroleum Corp.
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