CGX Energy (CVE:OYL) Shares Down 14.3% – What’s Next?

CGX Energy Inc. (CVE:OYL) dropped 14.3% during mid-day trading on Monday . The stock traded as low as C$0.23 and last traded at C$0.24. Approximately 483,145 shares were traded during trading, an increase of 487% from the average daily volume of 82,360 shares. The stock had previously closed at C$0.28.

CGX Energy Stock Performance

The company has a market cap of C$81.25 million, a price-to-earnings ratio of -1.41 and a beta of 0.14. The business has a fifty day moving average price of C$0.15 and a 200 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.