CGX Energy (CVE:OYL) Trading Down 32.3% – Time to Sell?

CGX Energy Inc. (CVE:OYL)’s share price fell 32.3% on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. 575,562 shares changed hands during mid-day trading, an increase of 1,055% from the average session volume of 49,825 shares. The stock had previously closed at C$0.16.

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 stock has a market cap of C$35.55 million, a price-to-earnings ratio of -10.50 and a beta of 1.33. The stock has a 50-day moving average price of C$0.15 and a two-hundred day moving average price of C$0.17.

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.