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flag New Zealand Energy stock plunged 21% amid surge in trading volume, with no clear cause.

flag New Zealand Energy (CVE:NZ) shares dropped 21.1% to C$0.36 on Tuesday, reaching a low of C$0.35, following a 653% surge in trading volume to 186,715 shares. flag The stock fell from a previous close of C$0.45, with no clear reason provided for the decline. flag The company, which explores and produces oil and natural gas in New Zealand, has a market cap of C$13.62 million, a negative P/E ratio of -0.61, and a high beta of 4.19, indicating significant volatility. flag Financial metrics include a debt-to-equity ratio of 41.83 and a current ratio of 3.36. flag The stock is trading above its 50-day (C$0.31) and 200-day (C$0.28) moving averages.

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