New Zealand Energy (CVE:NZ) Director Purchases C$16,000.00 in Stock

New Zealand Energy Corp. (CVE:NZ) Director Toby Robert Pierce purchased 40,000 shares of New Zealand Energy stock in a transaction dated Thursday, September 3rd. The stock was bought at an average price of C$0.40 per share, with a total value of C$16,000.00. Following the completion of the purchase, the director directly owned 1,405,000 shares of the company’s stock, valued at approximately C$562,000. This trade represents a 2.93% increase in their ownership of the stock.

New Zealand Energy Price Performance

CVE NZ opened at C$0.40 on Monday. The stock has a market capitalization of C$22.35 million, a price-to-earnings ratio of -2.86 and a beta of 4.13. New Zealand Energy Corp. has a 1-year low of C$0.18 and a 1-year high of C$0.67. The company has a debt-to-equity ratio of 41.83, a current ratio of 3.36 and a quick ratio of 0.45. The business’s fifty day moving average price is C$0.43 and its 200-day moving average price is C$0.44.

New Zealand Energy Company Profile

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.