Shares of CanAsia Energy Corp. (CVE:CEC – Get Free Report) rose 20% during trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 157,406 shares traded hands during trading, an increase of 348% from the average daily volume of 35,134 shares. The stock had previously closed at C$0.08.
CanAsia Energy Price Performance
The company’s 50-day simple moving average is C$0.09 and its 200 day simple moving average is C$0.10. The firm has a market cap of C$10.15 million, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 0.41 and a beta of 1.01.
About CanAsia Energy
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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