CGX Energy (CVE:OYL) Stock Price Up 17.1% – Here’s Why

CGX Energy Inc. (CVE:OYL) shares rose 17.1% during trading on Thursday . The company traded as high as C$0.24 and last traded at C$0.24. Approximately 210,097 shares traded hands during trading, an increase of 120% from the average daily volume of 95,557 shares. The stock had previously closed at C$0.21.

CGX Energy Trading Up 17.1%

The company has a market capitalization of C$81.25 million, a price-to-earnings ratio of -1.41 and a beta of 0.14. The stock’s 50 day moving average price is C$0.16 and its 200 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.