Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) shares shot up 5% during trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. 33,500 shares were traded during trading, an increase of 70% from the average session volume of 19,651 shares. The stock had previously closed at C$0.10.
Tenth Avenue Petroleum Trading Up 5.0 %
The firm has a market cap of C$4.19 million, a P/E ratio of -3.50 and a beta of 0.77. The company’s 50 day moving average is C$0.09 and its two-hundred day moving average is C$0.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 12.65.
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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