East West Petroleum Corp. (CVE:EW – Get Free Report)’s stock price rose 22.2% during mid-day trading on Monday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 109,000 shares traded hands during trading, an increase of 95% from the average daily volume of 55,954 shares. The stock had previously closed at C$0.05.
East West Petroleum Price Performance
The firm has a market cap of C$3.17 million, a price-to-earnings ratio of 2.25 and a beta of 1.72. The stock has a 50-day moving average of C$0.07 and a 200-day moving average of C$0.07.
East West Petroleum (CVE:EW – Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The company reported C$0.02 earnings per share (EPS) for the quarter.
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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