CGX Energy (CVE:OYL) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

CGX Energy Inc. (CVE:OYLGet Free Report)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.14 and traded as high as C$0.16. CGX Energy shares last traded at C$0.16, with a volume of 9,500 shares traded.

CGX Energy Stock Up 6.7 %

The firm has a market capitalization of C$33.85 million, a price-to-earnings ratio of -3.76 and a beta of 1.33. The stock has a 50-day moving average price of C$0.14 and a 200 day moving average price of C$0.16.

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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