CGX Energy (CVE:OYL) Trading Down 21.3% – What’s Next?

CGX Energy Inc. (CVE:OYL)’s share price dropped 21.3% during mid-day trading on Friday . The stock traded as low as C$0.18 and last traded at C$0.19. Approximately 290,672 shares were traded during trading, an increase of 214% from the average daily volume of 92,455 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: Direct article links (URL) published in the last 24–36 hours.
• Neutral Sentiment: Full article text or excerpts if links are paywalled.
• Neutral Sentiment: Any specific items you want emphasized (e.g., production updates, legal filings, financing, regulatory news).

CGX Energy Stock Down 21.3%

The business’s 50-day moving average is C$0.15 and its 200-day moving average is C$0.15. The company has a market capitalization of C$62.63 million, a price-to-earnings ratio of -1.09 and a beta of 0.14.

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.