Shares of Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) dropped 19% during mid-day trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.09. Approximately 121,700 shares traded hands during trading, an increase of 183% from the average daily volume of 43,012 shares. The stock had previously closed at C$0.11.
Tenth Avenue Petroleum Price Performance
The company has a current ratio of 0.78, a quick ratio of 12.65 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of C$3.57 million, a P/E ratio of -2.00 and a beta of 0.63. The stock has a 50 day moving average of C$0.10 and a 200-day moving average of C$0.09.
About Tenth Avenue Petroleum
Tenth Avenue Petroleum Corp. engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. The company was formerly known as Jadela Oil Corp. and changed its name to Tenth Avenue Petroleum Corp. in May 2015. Tenth Avenue Petroleum Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.
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