CGX Energy (CVE:OYL) Trading Down 25.8% – What’s Next?

CGX Energy Inc. (CVE:OYLGet Free Report)’s stock price dropped 25.8% on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.12. Approximately 410,510 shares were traded during trading, an increase of 830% from the average daily volume of 44,133 shares. The stock had previously closed at C$0.16.

CGX Energy Stock Down 25.8 %

The company has a debt-to-equity ratio of 78.75, a current ratio of 0.25 and a quick ratio of 0.10. The company has a 50-day moving average price of C$0.15 and a 200 day moving average price of C$0.17. The firm has a market capitalization of C$38.93 million, a PE ratio of -11.50 and a beta of 1.33.

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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