Tenth Avenue Petroleum (CVE:TPC) Sets New 52-Week Low – Should You Sell?

Tenth Avenue Petroleum Corp. (CVE:TPCGet Free Report) reached a new 52-week low on Monday . The stock traded as low as C$0.02 and last traded at C$0.05, with a volume of 61000 shares trading hands. The stock had previously closed at C$0.10.

Tenth Avenue Petroleum Stock Performance

The company has a 50 day moving average of C$0.09 and a two-hundred day moving average of C$0.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 12.65. The company has a market capitalization of C$3.59 million, a PE ratio of -3.00 and a beta of 0.74.

About Tenth Avenue Petroleum

(Get Free Report)

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.

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