CGX Energy (CVE:OYL) Shares Up 17.2% – Should You Buy?

CGX Energy Inc. (CVE:OYL) was up 17.2% during trading on Saturday . The stock traded as high as C$0.18 and last traded at C$0.17. Approximately 132,048 shares traded hands during mid-day trading, an increase of 396% from the average daily volume of 26,631 shares. The stock had previously closed at C$0.15.

Key CGX Energy News

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CGX Energy Price Performance

The company has a market cap of C$57.55 million, a PE ratio of -1.00 and a beta of -0.53. The company has a fifty day moving average price of C$0.14 and a 200 day moving average price of C$0.15.

CGX Energy Company Profile

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.