East West Petroleum Corp. (CVE:EW – Get Free Report) shares fell 12.5% during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 123,370 shares traded hands during mid-day trading, an increase of 81% from the average session volume of 68,303 shares. The stock had previously closed at C$0.04.
East West Petroleum Price Performance
The stock has a market cap of C$3.62 million, a P/E ratio of 2.00 and a beta of 1.62. The firm’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.06.
About East West Petroleum
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.
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