CGX Energy (CVE:OYL) Stock Passes Below Fifty Day Moving Average – What’s Next?

CGX Energy Inc. (CVE:OYLGet Free Report)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.22 and traded as low as C$0.17. CGX Energy shares last traded at C$0.20, with a volume of 25,900 shares traded.

CGX Energy Stock Performance

The stock’s 50-day moving average is C$0.22 and its 200-day moving average is C$0.20. The company has a current ratio of 0.06, a quick ratio of 0.10 and a debt-to-equity ratio of -12.35. The stock has a market cap of C$67.71 million, a price-to-earnings ratio of -0.87 and a beta of 2.02.

About CGX Energy

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for CGX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGX Energy and related companies with MarketBeat.com's FREE daily email newsletter.