New Zealand Energy (CVE:NZ) Share Price Passes Above 200 Day Moving Average of $0.80

New Zealand Energy Corp. (CVE:NZGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.80 and traded as high as C$0.90. New Zealand Energy shares last traded at C$0.70, with a volume of 90,073 shares changing hands.

New Zealand Energy Stock Up 14.3 %

The company has a debt-to-equity ratio of 70.34, a current ratio of 1.78 and a quick ratio of 0.45. The company has a 50-day simple moving average of C$0.87 and a 200-day simple moving average of C$0.80. The firm has a market cap of C$6.66 million, a PE ratio of 4.00 and a beta of 2.90.

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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