CGX Energy (CVE:OYL) Trading Down 21.3% – Should You Sell?

CGX Energy Inc. (CVE:OYL)’s stock price dropped 21.3% during mid-day trading on Friday . The company traded as low as C$0.18 and last traded at C$0.19. Approximately 290,672 shares changed hands 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.

Key Headlines Impacting CGX Energy

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

• Neutral Sentiment: Direct article link(s) (news sites, press releases, filings). If you paste a link, include a one-line note of which part you care about.
• Neutral Sentiment: Full article text or a copy/paste excerpt (headline + first few paragraphs is fine).
• Neutral Sentiment: Date/time of the article (if not obvious), and whether you want emphasis on operational news, financing, or regulatory updates.

CGX Energy Trading Down 21.3%

The stock has a market capitalization of C$62.63 million, a PE ratio of -1.09 and a beta of 0.14. The firm’s fifty day moving average price is C$0.15 and its two-hundred day moving average price is C$0.15.

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