East West Petroleum Corp. (CVE:EW – Get Free Report)’s share price fell 13.3% on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. 156,000 shares traded hands during trading, an increase of 370% from the average session volume of 33,179 shares. The stock had previously closed at C$0.08.
East West Petroleum Stock Performance
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. The business has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.06.
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.
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