CGX Energy (CVE:OYL) Stock Price Down 12.8% – What’s Next?

CGX Energy Inc. (CVE:OYL)’s stock price traded down 12.8% during mid-day trading on Friday . The company traded as low as C$0.17 and last traded at C$0.17. 125,000 shares changed hands during trading, an increase of 145% from the average session volume of 51,022 shares. The stock had previously closed at C$0.20.

CGX Energy Stock Performance

The stock has a market capitalization of C$62.63 million, a P/E ratio of -18.50 and a beta of 1.33. The company has a quick ratio of 0.10, a current ratio of 0.25 and a debt-to-equity ratio of 78.75. The business has a fifty day moving average price of C$0.19 and a 200-day moving average price of C$0.21.

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.