Canadian Overseas Petroleum Limited (CVE:XOP – Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.01 and traded as low as C$0.01. Canadian Overseas Petroleum shares last traded at C$0.01, with a volume of 342,000 shares traded.
Canadian Overseas Petroleum Price Performance
The firm’s 50 day moving average price is C$0.01 and its 200-day moving average price is C$0.01. The firm has a market cap of C$12.43 million and a price-to-earnings ratio of -0.33.
About Canadian Overseas Petroleum
Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the exploration and development of oil and natural gas offshore reserves in Africa. It holds a 17% working interest in the Block LB-13 located offshore Liberia; and 40% equity interest in the OPL 226 blocks located in the Niger Delta province, offshore Nigeria. The company was formerly known as Velo Energy Inc and changed its name to Canadian Overseas Petroleum Limited in July 2010. Canadian Overseas Petroleum Limited is headquartered in Calgary, Canada.
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