CanAsia Energy (CVE:CEC) Shares Down 13.3% – Here’s Why

CanAsia Energy Corp. (CVE:CEC – Get Free Report)’s stock price dropped 13.3% on Saturday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 639,900 shares traded hands during trading, an increase of 1,108% from the average daily volume of 52,969 shares. The stock had previously closed at C$0.08.

CanAsia Energy Trading Down 13.3%

The stock’s 50-day moving average price is C$0.10 and its 200-day moving average price is C$0.09. The company has a market capitalization of C$7.33 million, a P/E ratio of -3.25, a P/E/G ratio of 0.41 and a beta of 1.03.

About CanAsia Energy

(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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