Oceanic Wind Energy (CVE:NKW) Shares Down 6.3% – Here’s What Happened

Oceanic Wind Energy Inc. (CVE:NKWGet Free Report) fell 6.3% on Monday . The stock traded as low as C$0.15 and last traded at C$0.15. 94,500 shares traded hands during 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 Price Performance

The firm has a market capitalization of C$11.50 million and a PE ratio of -75.00. The business has a 50-day simple moving average of C$0.15 and a 200-day simple moving average of C$0.15.

About Oceanic Wind Energy

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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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