CGX Energy (CVE:OYL) Trading 17.2% Higher – Here’s Why

Shares of CGX Energy Inc. (CVE:OYL) rose 17.2% during mid-day trading on Saturday . The company traded as high as C$0.18 and last traded at C$0.17. Approximately 132,048 shares were traded 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 Stories Impacting CGX Energy

Here are the key news stories impacting CGX Energy this week:

• Neutral Sentiment: Article link or full text (source and timestamp)
• Neutral Sentiment: Any accompanying press release, management comment, or regulatory filing
• Neutral Sentiment: Preferential order: most recent items first

CGX Energy Trading Up 17.2%

The firm has a market cap of C$57.55 million, a PE ratio of -1.00 and a beta of -0.53. The firm has a 50 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.