CGX Energy (CVE:OYL) Shares Down 21.3% – What’s Next?

CGX Energy Inc. (CVE:OYL)’s stock price traded down 21.3% during trading on Thursday . The stock traded as low as C$0.18 and last traded at C$0.19. 290,672 shares traded hands during trading, an increase of 214% from the average session volume of 92,455 shares. The stock had previously closed at C$0.24.

CGX Energy Price Performance

The business’s 50-day moving average price is C$0.15 and its 200-day moving average price is C$0.15. The firm has a market capitalization of C$62.63 million, a PE ratio of -1.09 and a beta of 0.14.

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.