CGX Energy (CVE:OYL) Trading Down 14.3% – Should You Sell?

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

CGX Energy Stock Down 14.3%

The stock has a market cap of C$81.25 million, a P/E ratio of -1.41 and a beta of 0.14. The business’s 50-day simple moving average is C$0.15 and its two-hundred day simple moving average is 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.