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

New Zealand Energy Corp. (CVE:NZ)’s stock price 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 trading hands.

New Zealand Energy Trading Down 1.1 %

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 firm has a market cap of C$14.09 million, a PE ratio of -4.09 and a beta of 2.71. The company’s 50-day moving average is C$0.77 and its 200 day moving average is C$0.78.

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.