Tenth Avenue Petroleum (CVE:TPC) Shares Down 23.8% – Here’s What Happened

Tenth Avenue Petroleum Corp. (CVE:TPC)’s stock price traded down 23.8% on Monday . The stock traded as low as C$0.05 and last traded at C$0.08. 118,200 shares traded hands during trading, an increase of 175% from the average session volume of 42,974 shares. The stock had previously closed at C$0.11.

Tenth Avenue Petroleum Stock Down 19.0%

The stock has a market capitalization of C$3.79 million, a price-to-earnings ratio of -2.13 and a beta of 0.63. The company has a quick ratio of 12.65, a current ratio of 0.78 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of C$0.10 and a two-hundred day moving average of C$0.09.

Tenth Avenue Petroleum Company Profile

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.