CGX Energy Inc. (CVE:OYL – Get Free Report) dropped 32.3% during trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 575,562 shares were traded during trading, an increase of 1,055% from the average daily volume of 49,825 shares. The stock had previously closed at C$0.16.
CGX Energy Stock Performance
The business’s fifty day moving average is C$0.15 and its two-hundred day moving average is C$0.17. The stock has a market capitalization of C$35.55 million, a PE ratio of -10.50 and a beta of 1.33. 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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