Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) shot up 25% on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. 203,500 shares changed 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 Price Performance
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 company has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09. The stock has a market capitalization of C$3.99 million, a price-to-earnings ratio of -3.33 and a beta of 0.74.
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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