CGX Energy (CVE:OYL) Stock Passes Below Fifty Day Moving Average – Should You Sell?

CGX Energy Inc. (CVE:OYL) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.16 and traded as low as C$0.15. CGX Energy shares last traded at C$0.15, with a volume of 20,350 shares traded.

CGX Energy Price Performance

The company has a current ratio of 0.25, a quick ratio of 0.10 and a debt-to-equity ratio of 78.75. The company has a fifty day moving average price of C$0.16 and a two-hundred day moving average price of C$0.17. The firm has a market cap of C$50.78 million, a P/E ratio of -15.00 and a beta of 1.33.

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.