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

New Zealand Energy Corp. (CVE:NZGet Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.78 and traded as high as C$0.98. New Zealand Energy shares last traded at C$0.98, with a volume of 8,300 shares changing hands.

New Zealand Energy Stock Performance

The stock’s 50 day moving average is C$0.78 and its two-hundred day moving average is C$0.78. The company has a current ratio of 3.36, a quick ratio of 0.45 and a debt-to-equity ratio of 41.83. The stock has a market cap of C$14.69 million, a price-to-earnings ratio of -4.26 and a beta of 2.71.

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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