Shares of CGX Energy Inc. (CVE:OYL – Get Free Report) were up 38.5% during mid-day trading on Friday . The stock traded as high as C$0.33 and last traded at C$0.27. Approximately 583,953 shares changed hands during trading, an increase of 838% from the average daily volume of 62,270 shares. The stock had previously closed at C$0.20.
CGX Energy Trading Up 43.6%
The firm has a market capitalization of C$94.79 million, a PE ratio of -1.65 and a beta of 0.14. The company has a fifty day moving average price of C$0.14 and a two-hundred day moving average price of 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.
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