Key Points
- Director Toby Robert Pierce purchased 40,000 shares of New Zealand Energy at an average price of C$0.40, investing C$16,000 and increasing his ownership by 2.93% to 1.405 million shares.
- New Zealand Energy opened at C$0.40, with a market capitalization of approximately C$22.35 million and a 52-week trading range of C$0.18 to C$0.67.
- The company explores and produces oil and natural gas in New Zealand, holding interests in several petroleum licenses, permits, and midstream assets.
New Zealand Energy Corp. (CVE:NZ - Get Free Report) Director Toby Robert Pierce acquired 40,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was purchased at an average price of C$0.40 per share, with a total value of C$16,000.00. Following the transaction, the director owned 1,405,000 shares in the company, valued at C$562,000. This represents a 2.93% increase in their ownership of the stock.
New Zealand Energy Price Performance
CVE:NZ opened at C$0.40 on Friday. The stock has a market cap of C$22.35 million, a price-to-earnings ratio of -2.86 and a beta of 4.13. The company has a current ratio of 3.36, a quick ratio of 0.45 and a debt-to-equity ratio of 41.83. The stock has a 50-day moving average price of C$0.43 and a two-hundred day moving average price of C$0.44. New Zealand Energy Corp. has a 1 year low of C$0.18 and a 1 year high of C$0.67.
New Zealand Energy Company Profile
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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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