Shares of East West Petroleum Corp. (CVE:EW – Get Free Report) rose 27.3% on Wednesday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 193,499 shares were traded during trading, an increase of 489% from the average daily volume of 32,862 shares. The stock had previously closed at C$0.06.
East West Petroleum Price Performance
The business’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.06. The firm has a market capitalization of C$6.27 million, a PE ratio of 5.50 and a beta of 1.87.
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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