Shares of CGX Energy Inc. (CVE:OYL – Get Free Report) dropped 8.3% during mid-day trading on Tuesday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 131,896 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 95,644 shares. The stock had previously closed at C$0.24.
CGX Energy Stock Performance
The stock has a fifty day simple moving average of C$0.24 and a 200 day simple moving average of C$0.19. The company has a debt-to-equity ratio of -12.35, a quick ratio of 0.10 and a current ratio of 0.06. The firm has a market cap of C$81.25 million, a P/E ratio of -1.04 and a beta of 1.96.
About CGX Energy
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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