CGX Energy (CVE:OYL) Shares Up 17.2% – Still a Buy?

CGX Energy Inc. (CVE:OYLGet Free Report) rose 17.2% during trading on Friday . The stock traded as high as C$0.18 and last traded at C$0.17. Approximately 132,048 shares were traded during trading, an increase of 396% from the average daily volume of 26,631 shares. The stock had previously closed at C$0.15.

CGX Energy Trading Up 17.2%

The company has a market capitalization of C$57.55 million, a PE ratio of -1.00 and a beta of -0.53. The stock’s 50-day moving average is C$0.14 and its two-hundred day moving average is C$0.15.

About CGX Energy

(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. CGX Energy Inc was incorporated in 1998 and is headquartered in Toronto, Canada.

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