Shares of CGX Energy Inc. (CVE:OYL – Get Free Report) were down 11% on Thursday . The company traded as low as C$0.17 and last traded at C$0.18. Approximately 281,828 shares were traded during mid-day trading, an increase of 288% from the average session volume of 72,615 shares. The stock had previously closed at C$0.20.
CGX Energy Stock Down 12.5%
The stock has a market capitalization of C$59.25 million, a PE ratio of -2.92 and a beta of 1.73. The firm has a 50 day moving average price of C$0.22 and a 200-day moving average price of C$0.23.
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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