CGX Energy (CVE:OYL) Trading Up 43.6% – Here’s Why

CGX Energy Inc. (CVE:OYL) shot up 43.6% during mid-day trading on Friday . The company traded as high as C$0.33 and last traded at C$0.28. 612,953 shares traded hands during mid-day trading, an increase of 816% from the average session volume of 66,946 shares. The stock had previously closed at C$0.20.

Trending Headlines about CGX Energy

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CGX Energy Stock Performance

The company has a market cap of C$94.79 million, a price-to-earnings ratio of -1.65 and a beta of 0.14. The company’s 50 day moving average price is C$0.14 and its 200 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.