New Zealand Energy (CVE:NZ) Reaches New 1-Year High – Time to Buy?

Shares of New Zealand Energy Corp. (CVE:NZGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.67 and last traded at C$0.60, with a volume of 228803 shares. The stock had previously closed at C$0.60.

New Zealand Energy Stock Performance

The stock has a 50-day moving average price of C$0.43 and a 200 day moving average price of C$0.32. The firm has a market cap of C$34.64 million, a PE ratio of -1.35 and a beta of 3.12. The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45.

New Zealand Energy Company Profile

(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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