CGX Energy (CVE:OYL) Stock Price Down 21.3% – Time to Sell?

CGX Energy Inc. (CVE:OYL) shares dropped 21.3% during mid-day 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.

More CGX Energy News

Here are the key news stories impacting CGX Energy this week:

• Neutral Sentiment: One or more article links or the full text of news items (headlines + URLs preferred). If you paste multiple items, I’ll prioritize the most recent and the items most likely to affect reserves, production, financing, regulatory actions, M&A, capital raises, or material contracts.

CGX Energy Price Performance

The company has a fifty day moving average price of C$0.15 and a two-hundred day moving average price of C$0.15. The company has a market capitalization of C$69.40 million, a P/E ratio of -1.21 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.