CGX Energy (CVE:OYL) Trading Up 28.2% – Should You Buy?

CGX Energy Inc. (CVE:OYL) shares shot up 28.2% during trading on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. 102,508 shares changed hands during trading, a decline of 17% from the average session volume of 123,459 shares. The stock had previously closed at C$0.20.

CGX Energy Trading Up 15.4%

The stock has a market cap of C$76.17 million, a PE ratio of -0.98 and a beta of 1.65. The business has a 50-day moving average of C$0.23 and a 200 day moving average of C$0.18. The company has a debt-to-equity ratio of -12.35, a quick ratio of 0.10 and a current ratio of 0.06.

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.