CGX Energy (CVE:OYL) Trading Up 51.3% – Here’s Why

CGX Energy Inc. (CVE:OYLGet Free Report) was up 51.3% during trading on Friday . The company traded as high as C$0.31 and last traded at C$0.30. Approximately 344,755 shares were traded during trading, an increase of 526% from the average daily volume of 55,092 shares. The stock had previously closed at C$0.20.

CGX Energy Stock Up 43.6%

The business’s 50-day moving average price is C$0.14 and its 200-day moving average price is C$0.15. The firm has a market capitalization of C$94.79 million, a PE ratio of -1.65 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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