East West Petroleum (CVE:EW) Stock Price Down 13.3%

East West Petroleum Corp. (CVE:EW) was down 13.3% during mid-day trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 156,000 shares were traded during trading, an increase of 370% from the average daily volume of 33,179 shares. The stock had previously closed at C$0.08.

East West Petroleum Trading Down 13.3 %

The stock’s 50 day moving average price is C$0.07 and its two-hundred day moving average price is C$0.06. The firm has a market capitalization of C$5.82 million, a price-to-earnings ratio of 5.50 and a beta of 1.88.

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.