CGX Energy (CVE:OYL) Trading 14.6% Higher – Time to Buy?

CGX Energy Inc. (CVE:OYL) shares rose 14.6% during mid-day trading on Friday . The company traded as high as C$0.31 and last traded at C$0.28. Approximately 348,320 shares changed hands during mid-day trading, an increase of 249% from the average daily volume of 99,676 shares. The stock had previously closed at C$0.24.

Key Headlines Impacting CGX Energy

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

• Neutral Sentiment: One or more article links or the full article text (press releases, news stories, filings) — ideally up to 5 items.
• Neutral Sentiment: Any particular items you care about (operational updates, financing, regulatory, legal, management changes).
• Neutral Sentiment: Confirm if you want me to reference the price/performance data you already provided.

CGX Energy Stock Performance

The firm has a market cap of C$91.41 million, a PE ratio of -1.59 and a beta of 0.14. The firm’s 50-day moving average price is C$0.16 and its two-hundred day moving average price is C$0.15.

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.