CGX Energy (CVE:OYL) Stock Price Down 21.3% – Here’s What Happened

CGX Energy Inc. (CVE:OYL) shares dropped 21.3% during mid-day trading on Thursday . The stock traded as low as C$0.18 and last traded at C$0.19. Approximately 290,672 shares were traded during mid-day trading, an increase of 214% from the average daily volume of 92,455 shares. The stock had previously closed at C$0.24.

CGX Energy Trading Down 21.3%

The firm’s 50-day moving average price is C$0.15 and its 200 day moving average price is C$0.15. The company has a market cap of C$62.63 million, a price-to-earnings ratio of -1.09 and a beta of 0.14.

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.