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

Shares of CGX Energy Inc. (CVE:OYL) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.36 and traded as high as C$0.36. CGX Energy shares last traded at C$0.32, with a volume of 80,800 shares.

CGX Energy Stock Down 3.0 %

The business’s 50 day simple moving average is C$0.36 and its 200-day simple moving average is C$0.42. The company has a debt-to-equity ratio of 78.75, a quick ratio of 0.10 and a current ratio of 0.41. The company has a market cap of C$108.34 million, a price-to-earnings ratio of -32.00 and a beta of 1.23.

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.