Tenth Avenue Petroleum (CVE:TPC) Stock Price Down 18.2% – What’s Next?

Tenth Avenue Petroleum Corp. (CVE:TPCGet Free Report)’s share price was down 18.2% on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 103,800 shares were traded during mid-day trading, an increase of 168% from the average daily volume of 38,706 shares. The stock had previously closed at C$0.11.

Tenth Avenue Petroleum Trading Down 18.2 %

The company’s 50 day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09. The firm has a market cap of C$3.59 million, a P/E ratio of -3.00 and a beta of 0.74. The company has a quick ratio of 12.65, a current ratio of 0.78 and a debt-to-equity ratio of 0.77.

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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