- Practice your CVE trading strategies and win cash in our stock game.
NEW YORK ( TheStreet) -- Cenovus Energy (NYSE: CVE) hit a new 52-week low Tuesday as it is currently trading at $27.21, below its previous 52-week low of $27.78 with 404,576 shares traded as of 10:06 a.m. ET. Average volume has been 1.7 million shares over the past 30 days. Cenovus Energy has a market cap of $23.1 billion and is part of the basic materials sector and energy industry. Shares are down 11.4% year to date as of the close of trading on Monday. Cenovus Energy Inc. engages in the development, production, and marketing of bitumen, crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in the United States. The company has a P/E ratio of 22.6, above the average energy industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.