Shares of Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) fell 18.2% on Friday . The company traded as low as C$0.09 and last traded at C$0.09. 103,800 shares were traded during 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 Down 18.2 %
The company has a debt-to-equity ratio of 0.77, a quick ratio of 12.65 and a current ratio of 0.78. The firm’s 50-day moving average price is C$0.08 and its two-hundred day moving average price is C$0.09. The firm has a market cap of C$3.59 million, a PE ratio of -3.00 and a beta of 0.74.
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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