CGX Energy (CVE:OYL) Trading 17.2% Higher – Still a Buy?

CGX Energy Inc. (CVE:OYL)’s stock price 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 traded hands during trading, an increase of 396% from the average session volume of 26,631 shares. The stock had previously closed at C$0.15.

Key CGX Energy News

Here are the key news stories impacting CGX Energy this week:

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CGX Energy Stock Up 17.2%

The company has a market cap of C$57.55 million, a price-to-earnings ratio of -1.00 and a beta of -0.53. The firm has a 50 day moving average price of C$0.14 and a two-hundred day moving average price of 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.