CGX Energy (CVE:OYL) Shares Down 21.3% – Time to Sell?

CGX Energy Inc. (CVE:OYL) shares were down 21.3% on Friday . The company traded as low as C$0.18 and last traded at C$0.19. Approximately 290,672 shares traded hands during trading, an increase of 214% from the average daily 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 Performance

The firm’s fifty day moving average is C$0.15 and its 200 day moving average is C$0.15. The firm has a market cap of C$69.40 million, a P/E ratio of -1.21 and a beta of 0.14.

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.