CanAsia Energy (CVE:CEC) Trading 25% Higher – Time to Buy?

CanAsia Energy Corp. (CVE:CECGet Free Report) rose 25% during mid-day trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 101,000 shares changed hands during trading, an increase of 58% from the average daily volume of 63,841 shares. The stock had previously closed at C$0.06.

CanAsia Energy Price Performance

The business’s 50 day moving average price is C$0.10 and its 200 day moving average price is C$0.09. The stock has a market capitalization of C$8.46 million, a P/E ratio of -3.75, a price-to-earnings-growth ratio of 0.41 and a beta of 1.03.

CanAsia Energy Company Profile

(Get Free Report)

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

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