East West Petroleum plunged 22% on October 4, 2025, on heavy volume, with no stated cause.

East West Petroleum (CVE:EW) plunged 22.2% on Friday, October 4, 2025, closing at C$0.04 amid a 30% spike in trading volume to 153,099 shares. The stock, which holds a 30% stake in New Zealand’s Cheal-E site and exploration rights in Romania, has a market cap of C$271,470 and a negative P/E ratio of -3.00. Its 50-day and 200-day moving averages both stood at C$0.04. The sharp drop, occurring alongside broader sector volatility, has prompted investor concern, though no specific cause was cited.