CanAsia Energy (CVE:CEC) Trading 20% Higher – Here’s What Happened

CanAsia Energy Corp. (CVE:CECGet Free Report) shares were up 20% on Thursday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 157,406 shares were traded 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 stock’s 50-day moving average is C$0.09 and its two-hundred day moving average is C$0.10. The company has a market cap of C$8.46 million, a P/E ratio of 9.76, a P/E/G ratio of 0.41 and a beta of 1.01.

About CanAsia Energy

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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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