CGX Energy Inc. (CVE:OYL – Get Free Report)’s stock price dropped 25.8% during mid-day trading on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.12. Approximately 419,010 shares changed hands during mid-day trading, an increase of 843% from the average daily volume of 44,427 shares. The stock had previously closed at C$0.16.
CGX Energy Stock Performance
The company has a debt-to-equity ratio of 78.75, a current ratio of 0.25 and a quick ratio of 0.10. The stock has a 50-day moving average price of C$0.15 and a 200-day moving average price of C$0.17. The company has a market capitalization of C$40.63 million, a price-to-earnings ratio of -12.00 and a beta of 1.33.
About CGX Energy
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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