CGX Energy (CVE:OYL) Stock Price Up 43.6% – Here’s What Happened

CGX Energy Inc. (CVE:OYL)’s share price rose 43.6% during trading on Saturday . The stock traded as high as C$0.33 and last traded at C$0.28. 612,953 shares traded hands during trading, an increase of 816% from the average daily volume of 66,946 shares. The stock had previously closed at C$0.20.

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CGX Energy Stock Up 43.6%

The business’s fifty day moving average is C$0.14 and its two-hundred day moving average is C$0.15. The stock has a market cap of C$94.79 million, a price-to-earnings ratio of -1.65 and a beta of 0.14.

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.