CGX Energy (CVE:OYL) Stock Price Up 28.6% – Here’s What Happened

CGX Energy Inc. (CVE:OYL)’s share price shot up 28.6% during trading on Monday . The stock traded as high as C$0.37 and last traded at C$0.36. 146,177 shares were traded during mid-day trading, an increase of 123% from the average session volume of 65,481 shares. The stock had previously closed at C$0.28.

CGX Energy Price Performance

The company has a market cap of C$79.56 million, a price-to-earnings ratio of -1.38 and a beta of 0.14. The business’s 50-day simple moving average is C$0.15 and its 200-day simple 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.