Tenaz Energy (TSE:TNZ) Stock Price Down 2.3% - What's Next?

Key Points

• Tenaz Energy Corp. shares fell by 2.3% to close at C$21.69, with trading volume increasing by 48% compared to the average.
• The company has a market capitalization of C$615.26 million, a P/E ratio of 4.10, and a significant debt-to-equity ratio of 10.56.
• Tenaz Energy focuses on sustainable development of international oil and gas assets, with operations in Canada and offshore gas assets in the Netherlands.

Tenaz Energy Corp. (TSE:TNZ - Get Free Report)'s share price dropped 2.3% during mid-day trading on Monday . The company traded as low as C$21.68 and last traded at C$21.69. Approximately 100,667 shares traded hands during trading, an increase of 48% from the average daily volume of 68,090 shares. The stock had previously closed at C$22.19.

Tenaz Energy Price Performance

The company has a debt-to-equity ratio of 10.56, a quick ratio of 2.77 and a current ratio of 1.43. The business's 50 day simple moving average is C$20.45 and its 200-day simple moving average is C$17.32. The stock has a market capitalization of C$600.79 million, a price-to-earnings ratio of 4.00 and a beta of 1.31.

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.