CGX Energy Inc. (CVE:OYL – Get Free Report)’s share price dropped 11% on Thursday . The stock traded as low as C$0.17 and last traded at C$0.18. 281,828 shares traded hands during mid-day trading, an increase of 288% from the average session volume of 72,615 shares. The stock had previously closed at C$0.20.
CGX Energy Price Performance
The firm has a market capitalization of C$72.79 million, a price-to-earnings ratio of -3.58 and a beta of 1.73. The stock has a fifty day moving average of C$0.22 and a two-hundred day moving average of C$0.22.
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.
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