CanAsia Energy (CVE:CEC) Trading Up 20% – Here’s Why

CanAsia Energy Corp. (CVE:CECGet Free Report) was up 20% during trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 157,406 shares were traded during mid-day trading, an increase of 348% from the average daily volume of 35,134 shares. The stock had previously closed at C$0.08.

CanAsia Energy Stock Performance

The company’s fifty day moving average price is C$0.09 and its 200 day moving average price is C$0.10. The firm has a market capitalization of C$10.15 million, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 0.41 and a beta of 1.01.

About CanAsia Energy

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

Further Reading

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