CGX Energy (CVE:OYL) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of CGX Energy Inc. (CVE:OYLGet Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.21 and traded as high as C$0.27. CGX Energy shares last traded at C$0.27, with a volume of 3,362 shares trading hands.

CGX Energy Stock Up 3.9%

The firm’s 50-day simple moving average is C$0.21 and its 200 day simple moving average is C$0.22. The company has a debt-to-equity ratio of -12.35, a quick ratio of 0.10 and a current ratio of 0.06. The stock has a market capitalization of C$89.72 million, a P/E ratio of -1.15 and a beta of 2.07.

About CGX Energy

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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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