New Zealand Energy Corp. (CVE:NZ – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.80 and traded as high as C$0.87. New Zealand Energy shares last traded at C$0.82, with a volume of 18,500 shares trading hands.
New Zealand Energy Price Performance
The company has a quick ratio of 0.45, a current ratio of 3.36 and a debt-to-equity ratio of 41.83. The firm has a market capitalization of C$12.29 million, a price-to-earnings ratio of -3.57 and a beta of 2.71. The company has a fifty day moving average price of C$0.87 and a two-hundred day moving average price of C$0.80.
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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