CGX Energy (CVE:OYL) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

CGX Energy Inc. (CVE:OYL)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.24 and traded as high as C$0.24. CGX Energy shares last traded at C$0.22, with a volume of 20,433 shares trading hands.

CGX Energy Price Performance

The stock has a 50 day moving average price of C$0.24 and a 200 day moving average price of C$0.18. The company has a debt-to-equity ratio of -12.35, a quick ratio of 0.10 and a current ratio of 0.06. The company has a market capitalization of C$72.79 million, a P/E ratio of -0.93 and a beta of 1.65.

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.