Toby Robert Pierce Buys 50,000 Shares of New Zealand Energy (CVE:NZ) Stock

New Zealand Energy Corp. (CVE:NZ) Director Toby Robert Pierce bought 50,000 shares of the stock in a transaction that occurred on Thursday, November 27th. The shares were purchased at an average price of C$0.24 per share, for a total transaction of C$12,000.00. Following the purchase, the director owned 390,000 shares in the company, valued at C$93,600. This represents a 14.71% increase in their position.

New Zealand Energy Price Performance

NZ stock traded down C$0.01 during trading on Friday, reaching C$0.23. The company’s stock had a trading volume of 19,000 shares, compared to its average volume of 32,899. The company has a quick ratio of 0.45, a current ratio of 3.36 and a debt-to-equity ratio of 41.83. The company’s fifty day moving average is C$0.27 and its 200-day moving average is C$0.27. The company has a market capitalization of C$8.83 million, a P/E ratio of -0.50 and a beta of 4.34. New Zealand Energy Corp. has a 1 year low of C$0.18 and a 1 year high of C$1.11.

About New Zealand Energy

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.