CGX Energy (CVE:OYL) Trading 2.7% Higher – What’s Next?

Shares of CGX Energy Inc. (CVE:OYL – Get Free Report) were up 2.7% on Wednesday . The stock traded as high as C$0.19 and last traded at C$0.19. Approximately 28,318 shares were traded during trading, a decline of 45% from the average daily volume of 51,324 shares. The stock had previously closed at C$0.19.

CGX Energy Stock Performance

The firm has a 50-day moving average of C$0.18 and a two-hundred day moving average of C$0.21. The company has a quick ratio of 0.10, a current ratio of 0.25 and a debt-to-equity ratio of 78.75. The company has a market capitalization of C$64.32 million, a PE ratio of -19.00 and a beta of 1.33.

CGX Energy Company Profile

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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.