CGX Energy Inc. (CVE:OYL – Get Free Report) shares fell 32.3% on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. 575,562 shares were traded during mid-day trading, an increase of 1,055% from the average session volume of 49,825 shares. The stock had previously closed at C$0.16.
CGX Energy Stock Performance
The firm has a market cap of C$27.51 million, a price-to-earnings ratio of -3.05 and a beta of 1.33. The business’s 50-day moving average is C$0.15 and its 200-day moving average is C$0.17.
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.
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