East West Petroleum Corp. (CVE:EW – Get Free Report)’s share price traded up 20% during trading on Wednesday . The company traded as high as C$0.09 and last traded at C$0.09. 117,000 shares were traded during mid-day trading, an increase of 231% from the average session volume of 35,337 shares. The stock had previously closed at C$0.08.
East West Petroleum Stock Performance
The firm has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.06. The firm has a market capitalization of C$8.06 million, a PE ratio of 5.50 and a beta of 1.88.
About East West Petroleum
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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