CGX Energy (CVE:OYL) Stock Price Up 17.2% – Time to Buy?

CGX Energy Inc. (CVE:OYL)’s share price traded up 17.2% during trading on Friday . The company traded as high as C$0.18 and last traded at C$0.17. 132,048 shares changed hands during mid-day trading, an increase of 396% from the average session volume of 26,631 shares. The stock had previously closed at C$0.15.

More CGX Energy News

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CGX Energy Stock Up 17.2%

The stock has a fifty day moving average of C$0.14 and a 200-day moving average of C$0.15. The firm has a market capitalization of C$57.55 million, a P/E ratio of -1.00 and a beta of -0.53.

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.