East West Petroleum (CVE:EW) Stock Price Down 12.5% – Here’s What Happened

Shares of East West Petroleum Corp. (CVE:EW) traded down 12.5% on Friday . The stock traded as low as C$0.14 and last traded at C$0.14. 121,060 shares were traded during trading, an increase of 845% from the average session volume of 12,807 shares. The stock had previously closed at C$0.16.

East West Petroleum Price Performance

The stock has a market cap of C$1.27 million, a P/E ratio of -2.00 and a beta of 0.69. The stock has a 50-day simple moving average of C$0.19 and a 200-day simple moving average of C$0.19.

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. The company was formerly known as Avere Energy Inc and changed its name to East West Petroleum Corp. in August 2010. East West Petroleum Corp.