CGX Energy (CVE:OYL) Stock Price Down 12.8% – What’s Next?

CGX Energy Inc. (CVE:OYLGet Free Report) shares were down 12.8% during trading on Friday . The company traded as low as C$0.17 and last traded at C$0.17. Approximately 125,000 shares were traded during mid-day trading, an increase of 145% from the average daily volume of 51,022 shares. The stock had previously closed at C$0.20.

CGX Energy Stock Performance

The company has a debt-to-equity ratio of 78.75, a current ratio of 0.25 and a quick ratio of 0.10. The business has a 50-day simple moving average of C$0.19 and a 200 day simple moving average of C$0.21. The firm has a market cap of C$62.63 million, a PE ratio of -18.50 and a beta of 1.33.

About CGX Energy

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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.

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