CGX Energy Inc. (CVE:OYL – Get Free Report) dropped 14.3% during mid-day trading on Monday . The company traded as low as C$0.23 and last traded at C$0.24. Approximately 483,145 shares changed hands during trading, an increase of 487% from the average daily volume of 82,360 shares. The stock had previously closed at C$0.28.
CGX Energy Stock Performance
The firm has a market capitalization of C$81.25 million, a P/E ratio of -1.41 and a beta of 0.14. The firm’s 50-day moving average is C$0.15 and its 200 day moving average is C$0.15.
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. CGX Energy Inc was incorporated in 1998 and is headquartered in Toronto, Canada.
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