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

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

More CGX Energy News

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

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CGX Energy Trading Down 21.3%

The company has a 50 day moving average of C$0.15 and a 200-day moving average of C$0.15. The firm has a market capitalization of C$62.63 million, a P/E 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.