Tenaz Energy (TSE:TNZ) Hits New 52-Week High - What's Next?

Key Points

• Tenaz Energy Corp. shares hit a new 52-week high of C$26.87, representing a 31.7% increase from the previous closing price of C$20.30, with significant trading volume of 540,547 shares.
• The company, which has a market capitalization of C$758.22 million, focuses on the acquisition and sustainable development of oil and gas assets, with both domestic and offshore operations.
• Tenaz Energy's financial metrics include a debt-to-equity ratio of 10.56, a PE ratio of 5.05, and robust current and quick ratios, indicating its ability to meet short-term obligations.

Shares of Tenaz Energy Corp. (TSE:TNZ - ) hit a new 52-week high on Tuesday . The stock traded as high as C$26.87 and last traded at C$26.73, with a volume of 540547 shares traded. The stock had previously closed at C$20.30.

Tenaz Energy Trading Up 31.7%

The company has a debt-to-equity ratio of 10.56, a current ratio of 1.43 and a quick ratio of 2.77. The company has a market cap of C$758.22 million, a PE ratio of 5.05 and a beta of 0.73. The company's 50 day simple moving average is C$20.93 and its two-hundred day simple moving average is C$18.03.

About Tenaz Energy

Tenaz Energy Corp. TSX: TNZ is a public energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders.Tenaz has domestic operations in Canada along with offshore gas assets in the Netherlands. The domestic operations consist of a semi-conventional oil project in the Rex member of the Upper Mannville group at Leduc-Woodbend in central Alberta.

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