CGX Energy (CVE:OYL) Shares Down 7.7%

CGX Energy Inc. (CVE:OYLGet Free Report)’s stock price was down 7.7% during trading on Tuesday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 189,356 shares changed hands during trading, an increase of 317% from the average daily volume of 45,421 shares. The stock had previously closed at C$0.20.

CGX Energy Stock Performance

The company has a quick ratio of 0.10, a current ratio of 0.33 and a debt-to-equity ratio of 78.75. The firm has a 50-day moving average price of C$0.26 and a 200 day moving average price of C$0.32. The firm has a market capitalization of C$60.94 million, a PE ratio of -19.50 and a beta of 1.29.

CGX Energy Company Profile

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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.

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