CanAsia Energy (CVE:CEC) Stock Price Up 20% – Here’s Why

CanAsia Energy Corp. (CVE:CECGet Free Report) shares rose 20% during trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 156,406 shares changed hands during trading, an increase of 346% from the average daily volume of 35,096 shares. The stock had previously closed at C$0.08.

CanAsia Energy Stock Down 16.7 %

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

About CanAsia Energy

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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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