CanAsia Energy (CVE:CEC) Trading 20% Higher – Here’s Why

CanAsia Energy Corp. (CVE:CECGet Free Report) shot up 20% during mid-day trading on Wednesday . The company traded as high as C$0.09 and last traded at C$0.09. 157,406 shares traded hands during mid-day trading, an increase of 348% from the average session volume of 35,134 shares. The stock had previously closed at C$0.08.

CanAsia Energy Price Performance

The stock has a market capitalization of C$10.15 million, a P/E ratio of 11.71, a P/E/G ratio of 0.41 and a beta of 1.01. The firm has a fifty day moving average of C$0.09 and a two-hundred day moving average of C$0.10.

CanAsia Energy Company Profile

(Get Free Report)

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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