Shares of Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) were down 7.1% during mid-day trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 4,027 shares changed hands during trading, a decline of 80% from the average daily volume of 19,909 shares. The stock had previously closed at C$0.14.
Tenth Avenue Petroleum Price Performance
The firm has a market capitalization of C$5.19 million, a price-to-earnings ratio of -4.33 and a beta of 0.77. The company’s fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.11. 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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