Tenth Avenue Petroleum (CVE:TPC) Trading Up 25% – Still a Buy?

by · The Markets Daily

Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report)’s share price was up 25% during mid-day trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 137,500 shares traded hands during mid-day trading, an increase of 540% from the average daily volume of 21,483 shares. The stock had previously closed at C$0.08.

Tenth Avenue Petroleum Stock Performance

The company has a 50 day simple moving average of C$0.08 and a 200 day simple moving average of C$0.09. 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 stock has a market cap of C$3.99 million, a price-to-earnings ratio of -3.33 and a beta of 0.74.

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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