New Zealand Energy (CVE:NZ) Reaches New 52-Week Low – Here’s Why

New Zealand Energy Corp. (CVE:NZGet Free Report)’s stock price reached a new 52-week low on Thursday . The company traded as low as C$0.26 and last traded at C$0.26, with a volume of 55500 shares traded. The stock had previously closed at C$0.28.

New Zealand Energy Stock Performance

The firm has a market capitalization of C$3.97 million, a price-to-earnings ratio of -1.15 and a beta of 2.71. The stock’s 50 day moving average price is C$0.71 and its two-hundred day moving average price is C$0.78. The company has a current ratio of 3.36, a quick ratio of 0.45 and a debt-to-equity ratio of 41.83.

About New Zealand Energy

(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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