Shares of CGX Energy Inc. (CVE:OYL – Get Free Report) were down 25.8% during trading on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.12. Approximately 475,010 shares changed hands during mid-day trading, an increase of 928% from the average daily volume of 46,220 shares. The stock had previously closed at C$0.16.
CGX Energy Stock Performance
The stock has a market capitalization of C$35.55 million, a P/E ratio of -10.50 and a beta of 1.33. The firm has a 50-day moving average of C$0.15 and a 200 day moving average of C$0.17. The company has a quick ratio of 0.10, a current ratio of 0.25 and a debt-to-equity ratio of 78.75.
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.
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