East West Petroleum Corp. (CVE:EW – Get Free Report) dropped 22.2% during mid-day trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.04. Approximately 612,821 shares changed hands during mid-day trading, an increase of 910% from the average daily volume of 60,662 shares. The stock had previously closed at C$0.05.
East West Petroleum Stock Performance
The business has a 50 day moving average price of C$0.07 and a two-hundred day moving average price of C$0.07. The stock has a market cap of C$3.17 million, a PE ratio of 1.75 and a beta of 1.72.
East West Petroleum (CVE:EW – Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported C$0.02 earnings per share for the quarter.
East West Petroleum Company Profile
East West Petroleum Corp., a junior oil and gas company, engages in the exploration, development, and production of oil and gas properties in New Zealand and Romania. It holds interest in a 30% interest in the Cheal-E site mining permit in the Taranaki Basin, New Zealand; and four exploration blocks covering an area of 1,007,500 acres in Pannonian Basin of western Romania.
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