CGX Energy (CVE:OYL) Trading Down 32.3% – What’s Next?

CGX Energy Inc. (CVE:OYL) fell 32.3% during mid-day trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. 575,562 shares changed hands during mid-day trading, an increase of 1,055% from the average session volume of 49,825 shares. The stock had previously closed at C$0.16.

CGX Energy Stock Down 32.3 %

The firm has a market cap of C$35.55 million, a price-to-earnings ratio of -10.50 and a beta of 1.33. The stock has a 50-day moving average of C$0.15 and a 200-day moving average of C$0.17. The company has a current ratio of 0.25, a quick ratio of 0.10 and a debt-to-equity ratio of 78.75.

CGX Energy Company Profile

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.