Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report)’s stock price rose 25% on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 203,500 shares changed hands during trading, an increase of 315% from the average daily volume of 49,067 shares. The stock had previously closed at C$0.08.
Tenth Avenue Petroleum Stock Performance
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 company’s 50-day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09. The company has a quick ratio of 12.65, a current ratio of 0.78 and a debt-to-equity ratio of 0.77.
About Tenth Avenue Petroleum
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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