Shares of CGX Energy Inc. (CVE:OYL – Get Free Report) were up 17.2% during trading on Friday . The stock traded as high as C$0.18 and last traded at C$0.17. Approximately 132,048 shares were traded during mid-day trading, an increase of 396% from the average daily volume of 26,631 shares. The stock had previously closed at C$0.15.
CGX Energy Trading Up 17.2%
The business’s fifty day moving average price is C$0.14 and its two-hundred day moving average price is C$0.15. The firm has a market cap of C$57.55 million, a P/E ratio of -1.00 and a beta of -0.53.
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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