Shares of Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) fell 23.8% on Monday . The stock traded as low as C$0.05 and last traded at C$0.08. 102,500 shares were traded during mid-day trading, an increase of 139% from the average session volume of 42,805 shares. The stock had previously closed at C$0.11.
Tenth Avenue Petroleum Stock Down 19.0%
The firm has a market cap of C$3.79 million, a price-to-earnings ratio of -2.13 and a beta of 0.63. The firm’s fifty day moving average is C$0.10 and its two-hundred day moving average is C$0.09. 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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