CGX Energy (CVE:OYL) Trading 43.6% Higher – Time to Buy?

Shares of CGX Energy Inc. (CVE:OYL) shot up 43.6% during mid-day trading on Saturday . The stock traded as high as C$0.33 and last traded at C$0.28. 612,953 shares changed hands during trading, an increase of 816% from the average session volume of 66,946 shares. The stock had previously closed at C$0.20.

Key Stories Impacting CGX Energy

Here are the key news stories impacting CGX Energy this week:

• Neutral Sentiment: Paste full article text or a direct link to each article
• Neutral Sentiment: If you want coverage from specific sources (e.g., Bloomberg, Reuters, company press release), note that
• Neutral Sentiment: If you want emphasis on catalysts (production updates, reserves, financing, regulatory decisions), tell me which to prioritize

CGX Energy Price Performance

The company has a market cap of C$94.79 million, a price-to-earnings ratio of -1.65 and a beta of 0.14. The business’s fifty day moving average price is C$0.14 and its 200 day moving average price is C$0.15.

About CGX Energy

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. CGX Energy Inc was incorporated in 1998 and is headquartered in Toronto, Canada.