CGX Energy (CVE:OYL) Trading 17.1% Higher – Here’s Why

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

CGX Energy Stock Up 17.1%

The company has a 50-day moving average price of C$0.16 and a two-hundred day moving average price of C$0.15. The stock has a market capitalization of C$81.25 million, a P/E ratio of -1.41 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.