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

CanAsia Energy Corp. (CVE:CEC) traded down 16.7% on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. 136,500 shares changed hands during trading, an increase of 251% from the average session volume of 38,888 shares. The stock had previously closed at C$0.09.

CanAsia Energy Stock Down 16.7 %

The company has a fifty day simple moving average of C$0.09 and a 200-day simple moving average of C$0.10. The firm has a market cap of C$8.46 million, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 0.41 and a beta of 1.01.

About CanAsia Energy

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