CGX Energy (CVE:OYL) Shares Down 16.1% – Should You Sell?

CGX Energy Inc. (CVE:OYL) shares were down 16.1% during trading on Tuesday . The company traded as low as C$0.12 and last traded at C$0.13. Approximately 193,089 shares traded hands during mid-day trading, an increase of 513% from the average daily volume of 31,516 shares. The stock had previously closed at C$0.16.

CGX Energy Stock Down 25.8 %

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

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.