Tenth Avenue Petroleum (CVE:TPC) Shares Down 7.1% – What’s Next?

Tenth Avenue Petroleum Corp. (CVE:TPCGet Free Report)’s stock price was down 7.1% during mid-day trading on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 4,027 shares were traded during trading, a decline of 80% from the average daily volume of 19,909 shares. The stock had previously closed at C$0.14.

Tenth Avenue Petroleum Trading Down 7.1 %

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 stock has a market capitalization of C$5.19 million, a P/E ratio of -4.33 and a beta of 0.77. The firm’s 50-day simple moving average is C$0.10 and its 200 day simple moving average is C$0.11.

About Tenth Avenue Petroleum

(Get Free Report)

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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