CanAsia Energy (CVE:CEC) Shares Up 20% – Should You Buy?

CanAsia Energy Corp. (CVE:CEC – Get Free Report)’s share price shot up 20% during trading on Wednesday . The company traded as high as C$0.09 and last traded at C$0.09. 157,406 shares changed hands during mid-day trading, an increase of 348% from the average session volume of 35,134 shares. The stock had previously closed at C$0.08.

CanAsia Energy Stock Performance

The stock has a market cap of C$8.46 million, a PE ratio of 9.76, a PEG ratio of 0.41 and a beta of 1.01. The stock has a fifty day moving average price of C$0.09 and a 200 day moving average price of C$0.10.

CanAsia Energy Company Profile

(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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