CanAsia Energy (CVE:CEC) Shares Up 16.2% – Here’s Why

CanAsia Energy Corp. (CVE:CECGet Free Report) was up 16.2% during trading on Wednesday . The company traded as high as C$0.48 and last traded at C$0.43. Approximately 1,263,346 shares changed hands during trading, an increase of 556% from the average session volume of 192,523 shares. The stock had previously closed at C$0.37.

CanAsia Energy Price Performance

The stock has a market capitalization of C$48.87 million, a PE ratio of 3.31, a P/E/G ratio of 0.41 and a beta of 0.83. The firm’s 50 day simple moving average is C$0.33 and its 200 day simple moving average is C$0.25.

About CanAsia Energy

(Get Free Report)

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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