East West Petroleum (CVE:EW) Trading Down 22.2%

East West Petroleum Corp. (CVE:EW) fell 22.2% on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.04. 612,821 shares were traded during mid-day trading, an increase of 910% from the average session volume of 60,662 shares. The stock had previously closed at C$0.05.

East West Petroleum Price Performance

The firm has a 50-day moving average price of C$0.07 and a two-hundred day moving average price of C$0.07. The firm has a market capitalization of C$3.17 million, a P/E ratio of 1.75 and a beta of 1.72.

East West Petroleum (CVE:EW) last issued its quarterly earnings data on Thursday, August 22nd. The company reported C$0.02 earnings per share 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.