Tenth Avenue Petroleum (CVE:TPC) Shares Down 18.2% – Time to Sell?

Tenth Avenue Petroleum Corp. (CVE:TPC)’s share price was down 18.2% during mid-day trading on Friday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 103,800 shares were traded during mid-day trading, an increase of 168% from the average daily volume of 38,706 shares. The stock had previously closed at C$0.11.

Tenth Avenue Petroleum Stock Performance

The stock has a market cap of C$3.59 million, a price-to-earnings ratio of -3.00 and a beta of 0.74. 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 company has a 50 day simple moving average of C$0.08 and a 200 day simple moving average of C$0.09.

About Tenth Avenue Petroleum

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.