CGX Energy (CVE:OYL) Shares Cross Below 50-Day Moving Average – Time to Sell?

CGX Energy Inc. (CVE:OYL) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.23 and traded as low as C$0.22. CGX Energy shares last traded at C$0.23, with a volume of 36,401 shares.

CGX Energy Trading Down 4.3%

The company has a debt-to-equity ratio of -12.35, a current ratio of 0.06 and a quick ratio of 0.10. The company’s fifty day moving average is C$0.23 and its 200-day moving average is C$0.20. The stock has a market cap of C$74.48 million, a PE ratio of -0.96 and a beta of 2.02.

CGX Energy Company Profile

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.