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flag New Zealand Energy shares plunged 23.9% amid heavy trading, following a 21.1% drop the previous day.

flag 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. flag The decline followed a prior 21.1% drop on Wednesday. flag 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. flag No specific reason for the sell-off was provided.

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