Shares of Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) fell 19% during mid-day trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.09. 121,700 shares were traded during mid-day trading, an increase of 183% from the average session volume of 43,012 shares. The stock had previously closed at C$0.11.
Tenth Avenue Petroleum Price Performance
The stock has a market cap of C$3.57 million, a PE ratio of -2.00 and a beta of 0.63. The business’s 50-day simple moving average is C$0.10 and its 200-day simple moving average is C$0.09. The company has a quick ratio of 12.65, a current ratio of 0.78 and a debt-to-equity ratio of 0.77.
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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