CGX Energy (CVE:OYL) Trading 17.1% Higher – Here’s Why

CGX Energy Inc. (CVE:OYLGet Free Report) shares traded up 17.1% during trading on Thursday . The stock traded as high as C$0.24 and last traded at C$0.24. 210,097 shares traded hands during trading, an increase of 120% from the average session volume of 95,557 shares. The stock had previously closed at C$0.21.

CGX Energy Stock Performance

The firm’s 50-day moving average is C$0.16 and its two-hundred day moving average is C$0.15. The stock has a market cap of C$81.25 million, a P/E ratio of -1.41 and a beta of 0.14.

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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