CanAsia Energy (CVE:CEC) Stock Price Down 13.3% – Should You Sell?

CanAsia Energy Corp. (CVE:CECGet Free Report) 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 537,900 shares traded hands during trading, an increase of 1,022% from the average daily volume of 47,961 shares. The stock had previously closed at C$0.08.

CanAsia Energy Stock Performance

The firm’s fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.09. The firm has a market cap of C$7.33 million, a P/E ratio of -3.25, a price-to-earnings-growth ratio of 0.41 and a beta of 1.03.

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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