CanAsia Energy (CVE:CEC) Stock Price Down 13.3% – Here’s Why

CanAsia Energy Corp. (CVE:CECGet Free Report) dropped 13.3% during trading on Saturday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 639,900 shares traded hands during mid-day trading, an increase of 1,108% from the average daily volume of 52,969 shares. The stock had previously closed at C$0.08.

CanAsia Energy Price Performance

The stock has a market cap of C$7.33 million, a price-to-earnings ratio of -3.25, a P/E/G ratio of 0.41 and a beta of 1.03. The business has a fifty day moving average of C$0.10 and a 200 day moving average of C$0.09.

About CanAsia Energy

(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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