CGX Energy (CVE:OYL) Trading Down 8.3% – Time to Sell?

CGX Energy Inc. (CVE:OYLGet Free Report) dropped 8.3% during trading on Tuesday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 131,896 shares traded hands during trading, an increase of 38% from the average daily volume of 95,644 shares. The stock had previously closed at C$0.24.

CGX Energy Stock Performance

The company has a quick ratio of 0.10, a current ratio of 0.06 and a debt-to-equity ratio of -12.35. The company has a market cap of C$81.25 million, a PE ratio of -1.04 and a beta of 1.96. The business’s fifty day moving average is C$0.24 and its 200-day moving average is C$0.19.

CGX Energy Company Profile

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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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