Tenaz Energy (TSE:TNZ) Stock Price Up 27.6% - Here's What Happened

Key Points

• Tenaz Energy Corp. saw its stock price increase by 27.6% on Monday, reaching a last traded price of C$25.90 after closing at C$20.30 the previous day.
• The trading volume surged to 197,922 shares, which is a 189% increase from the average session volume of 68,370 shares.
• Tenaz Energy has a market capitalization of C$735.53 million and has focused on sustainable oil and gas assets both in Canada and internationally.

Tenaz Energy Corp. (TSE:TNZ - ) traded up 27.6% on Monday . The company traded as high as C$26.00 and last traded at C$25.90. 197,922 shares changed hands during trading, an increase of 189% from the average session volume of 68,370 shares. The stock had previously closed at C$20.30.

Tenaz Energy Price Performance

The company has a market capitalization of C$735.53 million, a P/E ratio of 4.90 and a beta of 0.73. The company has a current ratio of 1.43, a quick ratio of 2.77 and a debt-to-equity ratio of 10.56. The business's 50-day simple moving average is C$20.78 and its 200 day simple moving average is C$17.94.

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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