CGX Energy (CVE:OYL) Trading Down 21.3% – Here’s Why

CGX Energy Inc. (CVE:OYL) fell 21.3% on Thursday . The company traded as low as C$0.18 and last traded at C$0.19. 290,672 shares changed hands during trading, an increase of 214% from the average session volume of 92,455 shares. The stock had previously closed at C$0.24.

CGX Energy Stock Down 21.3%

The stock’s 50-day simple moving average is C$0.15 and its 200 day simple moving average is C$0.15. The firm has a market cap 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.