Tenth Avenue Petroleum (CVE:TPC) Trading Up 25% – What’s Next?

by · The Markets Daily

Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) rose 25% on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 203,500 shares were traded during mid-day trading, an increase of 315% from the average daily volume of 49,067 shares. The stock had previously closed at C$0.08.

Tenth Avenue Petroleum Price Performance

The business has a 50 day moving average price of C$0.08 and a two-hundred day moving average price of C$0.09. The stock has a market cap of C$3.99 million, a PE ratio of -3.33 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 12.65 and a current ratio of 0.78.

Tenth Avenue Petroleum Company Profile

(Get Free Report)

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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