CGX Energy (CVE:OYL) Shares Up 43.6% – Should You Buy?

CGX Energy Inc. (CVE:OYL)’s share price traded up 43.6% on Friday . The stock traded as high as C$0.33 and last traded at C$0.28. 612,953 shares traded hands during mid-day trading, an increase of 816% from the average session volume of 66,946 shares. The stock had previously closed at C$0.20.

Key CGX Energy News

Here are the key news stories impacting CGX Energy this week:

• Neutral Sentiment: Paste full article text or a direct link to each article
• Neutral Sentiment: If you want coverage from specific sources (e.g., Bloomberg, Reuters, company press release), note that
• Neutral Sentiment: If you want emphasis on catalysts (production updates, reserves, financing, regulatory decisions), tell me which to prioritize

CGX Energy Price Performance

The business has a 50 day simple moving average of C$0.14 and a 200 day simple moving average of C$0.15. The company has a market capitalization of C$94.79 million, a price-to-earnings ratio of -1.65 and a beta of 0.14.

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.