New Zealand Energy (CVE:NZ) Sets New 12-Month Low – Here’s Why

New Zealand Energy Corp. (CVE:NZGet Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as C$0.41 and last traded at C$0.41, with a volume of 13140 shares trading hands. The stock had previously closed at C$0.44.

New Zealand Energy Trading Up 1.5 %

The firm has a market capitalization of C$5.02 million, a price-to-earnings ratio of -1.46 and a beta of 2.71. The business’s 50-day simple moving average is C$0.79 and its two-hundred day simple moving average is C$0.79. The company has a quick ratio of 0.45, a current ratio of 3.36 and a debt-to-equity ratio of 41.83.

New Zealand Energy Company Profile

(Get Free Report)

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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