Shares of Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) shot up 25% during trading on Tuesday . The stock 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 540% from the average session volume of 21,483 shares. The stock had previously closed at C$0.08.
Tenth Avenue Petroleum Price Performance
The firm has a market cap of C$3.99 million, a PE ratio of -3.33 and a beta of 0.74. The stock’s fifty day moving average price is C$0.08 and its 200-day moving average price is C$0.09. 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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