New Zealand Energy (CVE:NZ) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

New Zealand Energy Corp. (CVE:NZGet Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.27 and traded as high as C$0.27. New Zealand Energy shares last traded at C$0.27, with a volume of 3,507 shares.

New Zealand Energy Trading Up 3.8%

The firm has a market capitalization of C$10.36 million, a P/E ratio of -0.59 and a beta of 3.97. The stock has a 50-day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.27. 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. It also operates midstream assets. The company was founded in 2010 and is based in New Plymouth, New Zealand.

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