Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report)’s share price shot up 25% during mid-day trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. 203,500 shares were traded during mid-day trading, an increase of 315% from the average session volume of 49,067 shares. The stock had previously closed at C$0.08.
Tenth Avenue Petroleum Stock Performance
The firm has a market capitalization of C$3.99 million, a price-to-earnings ratio of -3.33 and a beta of 0.74. The company has a 50-day moving average of C$0.08 and a 200-day moving average of C$0.09. The company has a current ratio of 0.78, a quick ratio of 12.65 and a debt-to-equity ratio of 0.77.
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.
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