CGX Energy (CVE:OYL) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Shares of CGX Energy Inc. (CVE:OYL) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.22 and traded as low as C$0.21. CGX Energy shares last traded at C$0.21, with a volume of 28,211 shares traded.

CGX Energy Stock Performance

The stock has a 50-day moving average of C$0.22 and a 200 day moving average of C$0.20. The company has a debt-to-equity ratio of -12.35, a current ratio of 0.06 and a quick ratio of 0.10. The stock has a market capitalization of C$71.10 million, a price-to-earnings ratio of -0.91 and a beta of 1.96.

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.