Tenth Avenue Petroleum (CVE:TPC) Sets New 12-Month Low – What’s Next?

Tenth Avenue Petroleum Corp. (CVE:TPCGet Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 59000 shares. The stock had previously closed at C$0.07.

Tenth Avenue Petroleum Stock Up 27.3 %

The company has a market capitalization of C$2.80 million, a P/E ratio of -2.33 and a beta of 0.74. The company has a current ratio of 0.78, a quick ratio of 12.65 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average is C$0.09 and its 200 day moving average is C$0.10.

Tenth Avenue Petroleum Company Profile

(Get Free Report)

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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