Tenth Avenue Petroleum (CVE:TPC) Shares Down 18.2% – Should You Sell?

Tenth Avenue Petroleum Corp. (CVE:TPCGet Free Report) traded down 18.2% during trading on Friday . The stock traded as low as C$0.09 and last traded at C$0.09. 103,800 shares were traded during trading, an increase of 168% from the average session volume of 38,706 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 company has a 50 day moving average price of C$0.08 and a 200 day moving average price of C$0.09. The company has a market capitalization of C$3.59 million, a P/E ratio of -3.00 and a beta of 0.74.

Tenth Avenue Petroleum Company Profile

(Get Free Report)

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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