Shares of Oceanic Wind Energy Inc. (CVE:NKW – Get Free Report) were down 6.3% during mid-day trading on Monday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 94,500 shares changed hands during mid-day trading, an increase of 86% from the average daily volume of 50,692 shares. The stock had previously closed at C$0.16.
Oceanic Wind Energy Price Performance
The company has a market capitalization of C$11.50 million and a P/E ratio of -75.00. The stock’s 50 day moving average is C$0.15 and its 200-day moving average is C$0.15.
About Oceanic Wind Energy
Oceanic Wind Energy Inc develops renewable energy projects in Canada. It is developing an offshore wind energy project located in the Hecate Strait off the north coast of British Columbia. The company was formerly known as NaiKun Wind Energy Group Inc and changed its name to Oceanic Wind Energy Inc in May 2020.
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