Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) shares shot up 25% during trading on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. 203,500 shares traded hands during mid-day trading, an increase of 315% from the average session volume of 49,067 shares. The stock had previously closed at C$0.08.
Tenth Avenue Petroleum Stock Performance
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 stock has a market cap of C$3.99 million, a price-to-earnings ratio of -3.33 and a beta of 0.74. The stock’s 50-day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.09.
Tenth Avenue Petroleum Company Profile
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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