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

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

CanAsia Energy Price Performance

The stock’s 50 day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.09. The stock has a market capitalization of C$7.33 million, a PE ratio of -3.25, a PEG ratio of 0.41 and a beta of 1.03.

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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