CanAsia Energy (CVE:CEC) Trading Down 13.3% – Here’s Why

CanAsia Energy Corp. (CVE:CECGet Free Report)’s stock price was down 13.3% during trading on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 639,900 shares traded hands during mid-day trading, an increase of 1,108% from the average daily volume of 52,969 shares. The stock had previously closed at C$0.08.

CanAsia Energy Price Performance

The firm has a market capitalization of C$7.33 million, a price-to-earnings ratio of -3.25, a PEG ratio of 0.41 and a beta of 1.03. The business’s fifty day simple moving average is C$0.10 and its 200 day simple moving average is C$0.09.

About CanAsia Energy

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CanAsia Energy Corp. operates as a junior oil and gas oil company. The company was incorporated in 2022 and is based in Calgary, Canada.

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