New Zealand Energy (CVE:NZ) Reaches New 12-Month Low – Time to Sell?

New Zealand Energy Corp. (CVE:NZGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as C$0.41 and last traded at C$0.41, with a volume of 13140 shares trading hands. The stock had previously closed at C$0.44.

New Zealand Energy Trading Down 9.1 %

The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45. The business’s 50-day moving average price is C$0.83 and its two-hundred day moving average price is C$0.80. The company has a market capitalization of C$6.00 million, a price-to-earnings ratio of -1.74 and a beta of 2.71.

New Zealand Energy Company Profile

(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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