CGX Energy (CVE:OYL) Stock Passes Above 50-Day Moving Average of $0.36

Shares of CGX Energy Inc. (CVE:OYL) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.36 and traded as high as C$0.36. CGX Energy shares last traded at C$0.35, with a volume of 164,751 shares.

CGX Energy Stock Performance

The firm has a fifty day moving average of C$0.36 and a 200-day moving average of C$0.45. The stock has a market capitalization of C$116.80 million, a price-to-earnings ratio of -34.50 and a beta of 1.23. The company has a quick ratio of 0.10, a current ratio of 0.41 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.