East West Petroleum Corp. (CVE:EW – Get Free Report) dropped 22.2% during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 153,099 shares were traded during trading, an increase of 30% from the average daily volume of 117,369 shares. The stock had previously closed at C$0.05.
East West Petroleum Trading Down 14.3%
The firm has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.04. The company has a market capitalization of C$271,470.00, a price-to-earnings ratio of -3.00 and a beta of 0.28.
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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