Tenth Avenue Petroleum (CVE:TPC) Trading Up 25% – Here’s What Happened

Tenth Avenue Petroleum Corp. (CVE:TPC) shares traded up 25% during mid-day trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. 203,500 shares traded 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 current ratio of 0.78, a quick ratio of 12.65 and a debt-to-equity ratio of 0.77. The business’s fifty day simple moving average is C$0.08 and its 200 day simple moving average is C$0.09. The stock has a market cap of C$3.99 million, a P/E ratio of -3.33 and a beta of 0.74.

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.