CanAsia Energy (CVE:CEC) Shares Up 25% – What’s Next?

CanAsia Energy Corp. (CVE:CECGet Free Report) traded up 25% during trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 101,000 shares were traded during mid-day trading, an increase of 58% from the average session volume of 63,849 shares. The stock had previously closed at C$0.06.

CanAsia Energy Price Performance

The company has a market cap of C$8.46 million, a PE ratio of -3.75, a price-to-earnings-growth ratio of 0.41 and a beta of 1.03. The company’s 50 day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.09.

CanAsia Energy Company Profile

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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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