CanAsia Energy (CVE:CEC) Shares Down 16.7% – Here’s Why

CanAsia Energy Corp. (CVE:CECGet Free Report) traded down 16.7% during trading on Saturday . The stock traded as low as C$0.08 and last traded at C$0.08. 136,500 shares traded hands during trading, an increase of 251% from the average session volume of 38,888 shares. The stock had previously closed at C$0.09.

CanAsia Energy Stock Performance

The business has a fifty day moving average of C$0.09 and a two-hundred day moving average of C$0.10. The firm has a market capitalization of C$8.46 million, a price-to-earnings 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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