New Zealand Energy Corp. (CVE:NZ – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.81 and traded as high as C$0.84. New Zealand Energy shares last traded at C$0.84, with a volume of 3,000 shares traded.
New Zealand Energy Stock Down 4.5 %
The firm’s 50-day moving average price is C$0.71 and its 200-day moving average price is C$0.81. The company has a debt-to-equity ratio of 96.17, a current ratio of 1.28 and a quick ratio of 0.45. The company has a market cap of C$12.59 million, a price-to-earnings ratio of -1.38 and a beta of 2.70.
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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