New Zealand Energy (CVE:NZ) Shares Pass Above 200 Day Moving Average of $0.82

New Zealand Energy Corp. (CVE:NZ)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.82 and traded as high as C$0.85. New Zealand Energy shares last traded at C$0.85, with a volume of 500 shares changing hands.

New Zealand Energy Stock Up 1.2 %

The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45. The stock’s fifty day simple moving average is C$0.74 and its 200-day simple moving average is C$0.82. The stock has a market cap of C$12.74 million, a P/E ratio of -3.70 and a beta of 2.71.

New Zealand Energy (CVE:NZ) last announced its quarterly earnings results on Wednesday, August 28th. The company reported C($0.08) earnings per share (EPS) for the quarter. The company had revenue of C$0.30 million during the quarter. New Zealand Energy had a negative return on equity of 72.10% and a negative net margin of 229.86%. On average, research analysts anticipate that New Zealand Energy Corp. will post 0.9340659 earnings per share for the current year.

New Zealand Energy Company Profile

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.