Tenaz Energy (TSE:TNZ) Trading Up 1.2%

Tenaz Energy Corp. (TSE:TNZ)’s share price was up 1.2% during trading on Friday . The company traded as high as C$8.36 and last traded at C$8.35. Approximately 40,558 shares changed hands during trading, a decline of 36% from the average daily volume of 63,279 shares. The stock had previously closed at C$8.25.

Tenaz Energy Price Performance

The business’s 50 day simple moving average is C$6.99 and its 200-day simple moving average is C$4.90. The stock has a market capitalization of C$228.12 million, a price-to-earnings ratio of 9.71 and a beta of 1.67. The company has a quick ratio of 2.77, a current ratio of 2.44 and a debt-to-equity ratio of 0.26.

Tenaz Energy (TSE:TNZ) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.05). The company had revenue of C$14.01 million during the quarter. Tenaz Energy had a net margin of 40.28% and a return on equity of 29.54%. On average, research analysts forecast that Tenaz Energy Corp. will post 0.021708 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer Jenson Jit-Chang Tan bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were acquired at an average cost of C$6.99 per share, with a total value of C$699,000.00. In other Tenaz Energy news, Senior Officer Jenson Jit-Chang Tan acquired 100,000 shares of Tenaz Energy stock in a transaction dated Monday, July 22nd. The stock was purchased at an average cost of C$6.99 per share, for a total transaction of C$699,000.00. Also, Director Mark Andrew Rollins acquired 24,500 shares of the stock in a transaction dated Wednesday, July 24th. The stock was bought at an average cost of C$6.59 per share, with a total value of C$161,469.70. Company insiders own 8.45% of the company’s stock.

About Tenaz Energy

Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands. The company was formerly known as Altura Energy Inc and changed its name to Tenaz Energy Corp. in October 2021. Tenaz Energy Corp. is headquartered in Calgary, Canada.