CGX Energy (CVE:OYL) Shares Down 21.3% – Here’s What Happened

CGX Energy Inc. (CVE:OYL)’s share price traded down 21.3% during mid-day trading on Friday . The company traded as low as C$0.18 and last traded at C$0.19. 290,672 shares changed hands during mid-day trading, an increase of 214% from the average session volume of 92,455 shares. The stock had previously closed at C$0.24.

Key Headlines Impacting CGX Energy

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

• Neutral Sentiment: One or more article links or the full text of news items (headlines + URLs preferred). If you paste multiple items, I’ll prioritize the most recent and the items most likely to affect reserves, production, financing, regulatory actions, M&A, capital raises, or material contracts.

CGX Energy Stock Up 10.8%

The company has a market capitalization of C$69.40 million, a PE ratio of -1.21 and a beta of 0.14. The stock’s fifty day moving average price is C$0.15 and its two-hundred day moving average price is C$0.15.

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