East West Petroleum (CVE:EW) Reaches New 1-Year Low – What’s Next?

East West Petroleum Corp. (CVE:EW) shares hit a new 52-week low on Tuesday. The stock traded as low as C$0.11 and last traded at C$0.11, with a volume of 2,727 shares trading hands. The stock had previously closed at C$0.11.

East West Petroleum Stock Performance

The business’s 50 day moving average price is C$0.14 and its 200-day moving average price is C$0.16. The company has a market cap of C$1.74 million, a price-to-earnings ratio of -3.50 and a beta of 1.64.

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. was incorporated in 1987 and is based in Vancouver, Canada.