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 stock price traded up 25% on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 203,500 shares changed hands during mid-day trading, an increase of 315% from the average session volume of 49,067 shares. The stock had previously closed at C$0.08.

Tenth Avenue Petroleum Trading Up 25.0 %

The company has a debt-to-equity ratio of 0.77, a quick ratio of 12.65 and a current ratio of 0.78. The stock has a market cap of C$3.99 million, a P/E ratio of -3.33 and a beta of 0.74. The stock has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.09.

About Tenth Avenue Petroleum

(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.

See Also