New Zealand Energy (CVE:NZ) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

New Zealand Energy Corp. (CVE:NZGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.78 and traded as high as C$0.98. New Zealand Energy shares last traded at C$0.98, with a volume of 8,300 shares changing hands.

New Zealand Energy Trading Down 11.7 %

The company has a current ratio of 3.36, a quick ratio of 0.45 and a debt-to-equity ratio of 41.83. The business has a 50 day moving average of C$0.78 and a 200-day moving average of C$0.78. The stock has a market cap of C$14.69 million, a PE ratio of -4.26 and a beta of 2.71.

New Zealand Energy Company Profile

(Get Free Report)

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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