Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as C$0.08 and last traded at C$0.07, with a volume of 24000 shares changing hands. The stock had previously closed at C$0.08.
Tenth Avenue Petroleum Price Performance
The stock’s 50-day simple moving average is C$0.10 and its 200 day simple moving average is C$0.10. The company has a quick ratio of 12.65, a current ratio of 0.78 and a debt-to-equity ratio of 0.77. The company has a market cap of C$2.80 million, a price-to-earnings ratio of -2.67 and a beta of 0.74.
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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