Tenth Avenue Petroleum (CVE:TPC) Trading Down 10.5%

shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 1,650,220 shares. The stock of Tenth Avenue Petroleum Corp. (CVE:TPC) dropped 10.5% during mid-day trading on Thursday.

The stock fell 10.5% in midday trading on Wednesday. The company traded for as little as C$0.17, and traded last at C$0.17. Mid-day trading saw approximately 40,500 shares traded, which is a 19% decrease from the daily average of 50,075. The stock closed previously at C$0.19.

Tenth Avenue Oil Price Performance

The market capitalization is C$6.77m, the price-to earnings ratio is 5.67 and beta is 1.03. The company's quick ratio is 12.65, its current ratio is 14.46, and it has a debt to equity ratio of 0.77. The company has a simple moving-average of C$0.20 for the past 50 days and C$0.23 for the last two hundred days.

Tenth Avenue Petroleum Company profile

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Tenth Avenue Petroleum Corp. is engaged in the exploration, production, and development of natural gas and petroleum properties in Western Canada. Tenth Avenue Petroleum Corp. was previously known as Jadela Oil Corp. The company changed its name from Jadela Oil Corp. to Tenth Avenue Petroleum Corp. on May 15, 2015. Tenth Avenue Petroleum Corp., founded in 2011, is located in Calgary, Canada.

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