Tenaz Energy (TSE:TNZ) Hits New 52-Week High - Should You Buy?

Key Points

• Tenaz Energy Corp. reached a new 52-week high, trading at C$21.14 and last at C$21.05 with over 92,000 shares traded.
• National Bankshares has raised its price target for Tenaz Energy from C$21.00 to C$23.00, indicating potential for further growth.
• The company has a market cap of C$596.99 million and displays robust financial metrics, including a quick ratio of 2.77 and a P/E ratio of 321.69.

Tenaz Energy Corp. (TSE:TNZ - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$21.14 and last traded at C$21.05, with a volume of 92638 shares trading hands. The stock had previously closed at C$19.27.

Analyst Ratings Changes

Separately, National Bankshares boosted their price target on shares of Tenaz Energy from C$21.00 to C$23.00 in a research report on Thursday, May 1st.

Tenaz Energy Trading Up 10.7%

The firm's 50-day moving average price is C$19.25 and its 200-day moving average price is C$16.06. The company has a quick ratio of 2.77, a current ratio of 1.43 and a debt-to-equity ratio of 10.56. The company has a market cap of C$596.99 million, a P/E ratio of 321.69 and a beta of 1.65.

About Tenaz Energy

Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands. The company was formerly known as Altura Energy Inc and changed its name to Tenaz Energy Corp. in October 2021. Tenaz Energy Corp. is headquartered in Calgary, Canada.

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