CanAsia Energy Corp. (CVE:CEC – Get Free Report) shares dropped 16.7% during trading on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 136,500 shares traded hands during mid-day trading, an increase of 251% from the average daily volume of 38,888 shares. The stock had previously closed at C$0.09.
CanAsia Energy Price Performance
The firm’s fifty day simple moving average is C$0.09 and its 200 day simple moving average is C$0.10. The company has a market capitalization of C$8.46 million, a price-to-earnings ratio of 9.76, a PEG ratio of 0.41 and a beta of 1.01.
About CanAsia Energy
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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