CGX Energy Inc. (CVE:OYL – Get Free Report)’s share price dropped 21.3% during trading on Thursday . The company traded as low as C$0.18 and last traded at C$0.19. Approximately 290,672 shares were traded during mid-day trading, an increase of 214% from the average daily volume of 92,455 shares. The stock had previously closed at C$0.24.
CGX Energy Stock Performance
The business has a 50 day moving average of C$0.15 and a 200-day moving average of C$0.15. The company 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.
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