CanAsia Energy (CVE:CEC) Shares Up 38.5% – Time to Buy?

Shares of CanAsia Energy Corp. (CVE:CEC) traded up 38.5% during trading on Wednesday . The company traded as high as C$0.18 and last traded at C$0.18. 1,164,296 shares changed hands during mid-day trading, an increase of 1,284% from the average session volume of 84,128 shares. The stock had previously closed at C$0.13.

CanAsia Energy Stock Performance

The stock has a 50-day simple moving average of C$0.10 and a 200 day simple moving average of C$0.09. The company has a market cap of C$40.61 million, a P/E ratio of -12.00, a P/E/G ratio of 0.41 and a beta of 0.11.

CanAsia Energy Company Profile

CanAsia Energy Corp. operates as a junior oil and gas oil company. The company was incorporated in 2022 and is based in Calgary, Canada.