CanAsia Energy (CVE:CEC) Trading Up 25% – Here’s Why

by · The Markets Daily

CanAsia Energy Corp. (CVE:CEC – Get Free Report) was up 25% during trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 101,000 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 63,849 shares. The stock had previously closed at C$0.06.

CanAsia Energy Price Performance

The stock has a market capitalization of C$8.46 million, a price-to-earnings ratio of -3.75, a PEG ratio of 0.41 and a beta of 1.03. The business’s 50-day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.09.

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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