New Zealand Energy (CVE:NZ) Trading 50% Higher

Shares of New Zealand Energy Corp (CVE:NZ) traded up 50% on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02, 18,000 shares were traded during mid-day trading. A decline of 90% from the average session volume of 171,433 shares. The stock had previously closed at C$0.01.

The company has a market capitalization of $2.32 million and a price-to-earnings ratio of -5.00. The stock has a fifty day moving average price of C$0.01. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.09 and a current ratio of 1.49.

About New Zealand Energy (CVE:NZ)

New Zealand Energy Corp., through its subsidiaries, engages in the acquisition, exploration, development, and production of conventional oil and natural gas resources in New Zealand. The company holds interests in three petroleum mining licenses, including Waihapa, Tariki, and Ngaere totalling 23,049 acres; Copper Moki petroleum mining permit covering 943.7 acres; and Eltham petroleum exploration permit located on the North Island in the Taranaki Basin.

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