New Zealand Energy (CVE:NZ) Stock Price Down 53.8% – Should You Sell?

New Zealand Energy Corp. (CVE:NZ) was down 53.8% during mid-day trading on Thursday . The company traded as low as C$0.42 and last traded at C$0.42. Approximately 135,450 shares changed hands during trading, an increase of 1,388% from the average daily volume of 9,100 shares. The stock had previously closed at C$0.91.

New Zealand Energy Price Performance

The firm’s 50 day moving average is C$0.90 and its 200 day moving average is C$0.86. The firm has a market cap of C$7.20 million, a P/E ratio of -3.96 and a beta of 2.71. 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 (CVE:NZ) last issued its quarterly earnings results on Wednesday, August 28th. The company reported C($0.08) earnings per share for the quarter. The company had revenue of C$0.30 million for the quarter. New Zealand Energy had a negative net margin of 229.86% and a negative return on equity of 72.10%. As a group, analysts anticipate that New Zealand Energy Corp. will post 0.9340659 earnings per share for the current year.

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.