CanAsia Energy (CVE:CEC) Shares Down 16.7% – What’s Next?

Shares of CanAsia Energy Corp. (CVE:CEC) fell 16.7% during mid-day trading on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. 136,500 shares were traded during trading, an increase of 263% from the average session volume of 37,648 shares. The stock had previously closed at C$0.09.

CanAsia Energy Stock Down 16.7 %

The firm has a 50-day simple moving average of C$0.09 and a 200-day simple moving average of C$0.10. The stock has a market cap of C$8.46 million, a PE ratio of 9.76, a P/E/G ratio of 0.41 and a beta of 1.01.

CanAsia Energy Company Profile

CanAsia Energy Corp. operates as a junior oil and gas oil company. The company was incorporated in 2022 and is based in Calgary, Canada.