Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) shares were down 18.2% during mid-day trading on Friday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 103,800 shares changed hands during trading, an increase of 168% from the average daily volume of 38,706 shares. The stock had previously closed at C$0.11.
Tenth Avenue Petroleum Price Performance
The firm has a 50 day moving average of C$0.08 and a 200-day moving average of C$0.09. The company has a market cap of C$3.59 million, a P/E ratio of -3.00 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.
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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