CanAsia Energy (CVE:CEC) Shares Down 16.7% – Time to Sell?

Shares of CanAsia Energy Corp. (CVE:CECGet Free Report) dropped 16.7% on Saturday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 136,500 shares traded hands during mid-day trading, an increase of 251% from the average daily volume of 38,888 shares. The stock had previously closed at C$0.09.

CanAsia Energy Stock Performance

The firm has a market capitalization of C$8.46 million, a PE ratio of 9.76, a price-to-earnings-growth ratio of 0.41 and a beta of 1.01. The business’s fifty day simple moving average is C$0.09 and its 200-day simple moving average is 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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