Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report)’s stock price fell 18.2% on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. 103,800 shares were traded during mid-day trading, an increase of 168% from the average session volume of 38,706 shares. The stock had previously closed at C$0.11.
Tenth Avenue Petroleum Price Performance
The business’s 50 day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09. The stock has a market capitalization of C$3.59 million, a price-to-earnings ratio of -3.00 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 12.65 and a current ratio of 0.78.
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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