Shares of CGX Energy Inc. (CVE:OYL – Get Free Report) dropped 7.7% on Tuesday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 189,356 shares changed hands during trading, an increase of 317% from the average daily volume of 45,421 shares. The stock had previously closed at C$0.20.
CGX Energy Price Performance
The firm’s 50-day moving average price is C$0.26 and its two-hundred day moving average price is C$0.31. The company has a debt-to-equity ratio of 78.75, a quick ratio of 0.10 and a current ratio of 0.33. The firm has a market cap of C$60.94 million, a PE ratio of -18.00 and a beta of 1.29.
About CGX Energy
CGX Energy Inc, an oil and gas exploration company, explores for and evaluates petroleum and natural gas properties in Guyana, South America. It holds interests in a petroleum prospecting licenses and related petroleum agreements on Corentyne block in the Guyana Basin, offshore Guyana. The company also constructs and develops the Berbice Deep Water Port project in Guyana.
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