CGX Energy (CVE:OYL) Trading 26.7% Higher – Here’s What Happened

CGX Energy Inc. (CVE:OYLGet Free Report)’s stock price traded up 26.7% during trading on Friday . The company traded as high as C$0.19 and last traded at C$0.19. 233,847 shares were traded during mid-day trading, an increase of 345% from the average session volume of 52,606 shares. The stock had previously closed at C$0.15.

CGX Energy Stock Performance

The company has a debt-to-equity ratio of 78.75, a quick ratio of 0.10 and a current ratio of 0.25. The stock has a market cap of C$74.48 million, a PE ratio of -19.00 and a beta of 1.33. The company’s 50-day moving average price is C$0.15 and its two-hundred day moving average price is C$0.26.

CGX Energy Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for CGX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGX Energy and related companies with MarketBeat.com's FREE daily email newsletter.