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New Zealand Energy shares plunged 23.9% amid heavy trading, following a 21.1% drop the previous day.
New Zealand Energy (CVE:NZ) shares dropped 23.9% on Thursday, closing at C$0.27 amid a 335% surge in trading volume to 111,150 shares.
The decline followed a prior 21.1% drop on Wednesday.
The company, which explores and produces oil and natural gas in New Zealand, has a market cap of C$8.63 million, a negative P/E ratio of -0.39, and a high beta of 4.58, indicating significant volatility.
No specific reason for the sell-off was provided.
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Las acciones de New Zealand Energy se desplomaron un 23,9% en medio de una intensa negociación, tras una caída del 21,1% el día anterior.