CGX Energy (CVE:OYL) Shares Down 32.3% – What’s Next?

CGX Energy Inc. (CVE:OYL) traded down 32.3% on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.11. 575,562 shares traded hands during mid-day trading, an increase of 1,055% from the average session volume of 49,825 shares. The stock had previously closed at C$0.16.

CGX Energy Trading Down 32.3 %

The company has a debt-to-equity ratio of 78.75, a current ratio of 0.25 and a quick ratio of 0.10. The company’s 50 day moving average is C$0.15 and its two-hundred day moving average is C$0.17. The firm has a market cap of C$35.55 million, a P/E ratio of -10.50 and a beta of 1.33.

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.