Shares of Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) were down 7.1% during trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 4,027 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 19,909 shares. The stock had previously closed at C$0.14.
Tenth Avenue Petroleum Trading Down 7.1 %
The company’s 50 day simple moving average is C$0.10 and its 200 day simple moving average is C$0.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 12.65. The firm has a market cap of C$5.19 million, a price-to-earnings ratio of -4.33 and a beta of 0.77.
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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