CGX Energy (CVE:OYL) Shares Cross Below 50-Day Moving Average – Here’s What Happened

CGX Energy Inc. (CVE:OYLGet Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.23 and traded as low as C$0.22. CGX Energy shares last traded at C$0.23, with a volume of 36,401 shares trading hands.

CGX Energy Stock Performance

The company has a market capitalization of C$77.87 million, a PE ratio of -1.00 and a beta of 2.02. The company has a quick ratio of 0.10, a current ratio of 0.06 and a debt-to-equity ratio of -12.35. The company has a 50-day moving average price of C$0.23 and a two-hundred day moving average price of C$0.20.

CGX Energy Company Profile

(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.

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