New Stratus Energy (CVE:NSE) Shares Up 9.1% – Should You Buy?

New Stratus Energy Inc. (CVE:NSE) traded up 9.1% during trading on Tuesday. The company traded as high as C$0.72 and last traded at C$0.72. Approximately 234,600 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 215,263 shares. The stock had previously closed at C$0.66.

New Stratus Energy Stock Up 9.1%

The stock’s 50-day moving average price is C$0.73 and its 200 day moving average price is C$0.66. The firm has a market capitalization of C$99.64 million, a price-to-earnings ratio of -4.00 and a beta of 1.41.

New Stratus Energy Company Profile

New Stratus Energy Inc. engages in the acquisition, exploration, and development of oil and gas properties principally in Latin America. It has a farm-in agreement to acquire 100% interests in Block VMM-18 located in Cuenca Valle Medio del Magdalena, Colombia; and operates Blocks 16 and 67 oil consortiums located in Ecuador. The company was formerly known as Red Rock Energy Inc. and changed its name to New Stratus Energy Inc. in August 2017. New Stratus Energy Inc. was incorporated in 2005 and is based in Calgary, Canada.