CanAsia Energy (CVE:CEC) Trading Up 20% – What’s Next?

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

CanAsia Energy Price Performance

The firm 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. The firm has a 50 day moving average price of C$0.09 and a 200-day moving average price 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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