East West Petroleum Corp. (CVE:EW – Get Free Report)’s stock price shot up 25% during trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 461,907 shares changed hands during mid-day trading, an increase of 196% from the average session volume of 156,167 shares. The stock had previously closed at C$0.04.
East West Petroleum Price Performance
The company’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05. The firm has a market cap of C$4.52 million, a price-to-earnings ratio of 2.50 and a beta of 1.62.
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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