Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report)’s share price fell 18.2% on Friday . The company traded as low as C$0.09 and last traded at C$0.09. 103,800 shares traded hands during mid-day trading, an increase of 168% from the average session volume of 38,706 shares. The stock had previously closed at C$0.11.
Tenth Avenue Petroleum Stock Performance
The company has a market capitalization of C$3.59 million, a price-to-earnings ratio of -3.00 and a beta of 0.74. The stock’s 50 day moving average price is C$0.08 and its 200 day moving average price is C$0.09. The company has a current ratio of 0.78, a quick ratio of 12.65 and a debt-to-equity ratio of 0.77.
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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