CanAsia Energy (CVE:CEC) Reaches New 12-Month Low – Here’s Why

CanAsia Energy Corp. (CVE:CECGet Free Report)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10, with a volume of 48500 shares changing hands. The stock had previously closed at C$0.11.

CanAsia Energy Price Performance

The firm has a market capitalization of C$11.28 million, a P/E ratio of -3.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.01. The stock’s 50-day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.13.

CanAsia Energy (CVE:CECGet Free Report) last released its quarterly earnings data on Thursday, August 15th. The company reported C($0.01) earnings per share for the quarter. On average, analysts forecast that CanAsia Energy Corp. will post 0.02 earnings per share for the current fiscal year.

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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