CGX Energy (CVE:OYL) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of CGX Energy Inc. (CVE:OYL) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.21 and traded as high as C$0.21. CGX Energy shares last traded at C$0.20, with a volume of 27,000 shares traded.

CGX Energy Price Performance

The stock has a 50-day simple moving average of C$0.21 and a 200 day simple moving average of C$0.21. The company has a market cap of C$67.71 million, a PE ratio of -0.87 and a beta of 2.03. The company has a quick ratio of 0.10, a current ratio of 0.06 and a debt-to-equity ratio of -12.35.

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.