CGX Energy Inc. (CVE:OYL – Get Free Report) shot up 17.2% during mid-day trading on Friday . The stock traded as high as C$0.18 and last traded at C$0.17. 132,048 shares were traded during trading, an increase of 396% from the average session volume of 26,631 shares. The stock had previously closed at C$0.15.
CGX Energy Price Performance
The stock’s 50-day moving average is C$0.14 and its 200 day moving average is C$0.15. The stock has a market cap of C$57.55 million, a price-to-earnings ratio of -1.00 and a beta of -0.53.
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.
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