Oceanic Wind Energy (CVE:NKW) Trading Down 6.3% – What’s Next?

Oceanic Wind Energy Inc. (CVE:NKWGet Free Report) fell 6.3% during trading on Monday . The stock traded as low as C$0.15 and last traded at C$0.15. 94,500 shares traded hands during mid-day trading, an increase of 86% from the average session volume of 50,692 shares. The stock had previously closed at C$0.16.

Oceanic Wind Energy Stock Down 6.3 %

The stock has a market cap of C$11.50 million and a P/E ratio of -75.00. The firm’s 50-day moving average is C$0.15 and its two-hundred day moving average is C$0.15.

Oceanic Wind Energy Company Profile

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Oceanic Wind Energy Inc develops renewable energy projects in Canada. It is developing an offshore wind energy project located in the Hecate Strait off the north coast of British Columbia. The company was formerly known as NaiKun Wind Energy Group Inc and changed its name to Oceanic Wind Energy Inc in May 2020.

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