Tenth Avenue Petroleum (CVE:TPC) Stock Price Up 25% – Time to Buy?

by · The Cerbat Gem

Shares of Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) shot up 25% during trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. 203,500 shares were traded during 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 Stock Performance

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. The company’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 12.65.

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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