Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) shot up 25% during trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. 137,500 shares were traded during mid-day trading, an increase of 261% from the average session volume of 38,067 shares. The stock had previously closed at C$0.08.
Tenth Avenue Petroleum Price Performance
The firm has a fifty day moving average price of C$0.08 and a two-hundred day moving average price of C$0.09. The company has a quick ratio of 12.65, a current ratio of 0.78 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of C$3.99 million, a P/E 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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