Shares of East West Petroleum Corp. (CVE:EW – Get Free Report) dropped 12.5% during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 123,370 shares changed hands during trading, an increase of 81% from the average daily volume of 68,303 shares. The stock had previously closed at C$0.04.
East West Petroleum Stock Performance
The company has a market capitalization of C$3.62 million, a PE ratio of 2.00 and a beta of 1.62. The company has a 50 day simple moving average of C$0.04 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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