Shares of Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) were up 25% on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 203,500 shares were traded during trading, an increase of 315% from the average daily volume of 49,067 shares. The stock had previously closed at C$0.08.
Tenth Avenue Petroleum Price Performance
The company’s 50 day moving average is C$0.08 and its 200 day moving average is 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. The stock has a market capitalization of C$3.99 million, a price-to-earnings ratio of -3.33 and a beta of 0.74.
About Tenth Avenue Petroleum
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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