CanAsia Energy (CVE:CEC) Shares Down 16.7% – Here’s What Happened

CanAsia Energy Corp. (CVE:CECGet Free Report)’s stock price fell 16.7% during mid-day trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. 136,500 shares traded hands during trading, an increase of 251% from the average session volume of 38,888 shares. The stock had previously closed at C$0.09.

CanAsia Energy Price Performance

The firm has a 50-day moving average of C$0.09 and a 200 day moving average of C$0.10. The company has a market capitalization of C$8.46 million, a PE ratio of 9.76, a PEG ratio of 0.41 and a beta of 1.01.

CanAsia Energy Company Profile

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CanAsia Energy Corp. operates as a junior oil and gas oil company. The company was incorporated in 2022 and is based in Calgary, Canada.

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