Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report)’s stock price dropped 18.2% during mid-day trading on Friday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 103,800 shares were traded during trading, an increase of 168% from the average daily volume of 38,706 shares. The stock had previously closed at C$0.11.
Tenth Avenue Petroleum Trading Down 18.2 %
The company has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.09. The firm has a market capitalization of C$3.59 million, a price-to-earnings ratio of -3.00 and a beta of 0.74. 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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