Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) dropped 18.2% during mid-day trading on Thursday . The company 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 company has a current ratio of 0.78, a quick ratio of 12.65 and a debt-to-equity ratio of 0.77. The company’s fifty day moving average is C$0.08 and its two-hundred day moving average is C$0.09. The stock has a market cap of C$3.59 million, a price-to-earnings ratio of -3.00 and a beta of 0.74.
Tenth Avenue Petroleum Company Profile
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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