CGX Energy (CVE:OYL) Reaches New 12-Month Low – Time to Sell?

CGX Energy Inc. (CVE:OYLGet Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 11000 shares trading hands. The stock had previously closed at C$0.08.

CGX Energy Price Performance

The firm has a market cap of C$15.87 million, a P/E ratio of -1.76 and a beta of 1.33. The company’s 50 day moving average is C$0.09 and its two-hundred day moving average is C$0.13.

About CGX Energy

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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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