Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) dropped 23.8% on Monday . The stock traded as low as C$0.05 and last traded at C$0.08. Approximately 118,200 shares traded hands during trading, an increase of 175% from the average daily volume of 42,974 shares. The stock had previously closed at C$0.11.
Tenth Avenue Petroleum Trading Down 19.0%
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 company has a fifty day moving average of C$0.10 and a two-hundred day moving average of C$0.09. The stock has a market capitalization of C$3.79 million, a price-to-earnings ratio of -2.13 and a beta of 0.63.
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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